After the FY 23 School Aid Fund Budget (Senate Bill 845) and the General Omnibus Budget (House Bill 5783) won bipartisan approval from the Michigan State Legislature in the early morning hours of July 1, the budgets were transmitted to Governor Gretchen Whitmer.
On July 20, the Governor signed into law House Bill 5783, the Fiscal Year 2022-23 General Omnibus budget, which funds all state departments and agencies for the next fiscal year beginning October 1, 2022.
The General Omnibus budget, part of a historic $76 billion bipartisan budget agreement, includes $15.2 billion in General Funds. The School Aid budget, signed into law on July 14, totaled $17 billion.
Several new, one-time investments were included in the budget agreement that were not built into the budget as on-going items, ostensibly to avoid structural budget challenges in the future. $180 million was deposited into the state’s rainy-day fund, which brings that fund to $1.6 billion – an all-time high.
With billions in federal funds remaining on the table yet to be appropriated, additional action around tax relief and supplemental appropriations measures could come later this summer.
All FY 23 appropriations materials can be found here