Bumstead: New budget brings tax relief, more for education
LANSING, Mich. — The state Senate on Wednesday completed its budget plan for fiscal year 2023, committing $2 billion to tax cuts as well as increased funding for K-12 schools and community colleges. , among other increases.
“My colleagues and I remain absolutely committed to providing tax relief to residents of West Michigan and those of our state, and the budget we approved today will ensure that everyone can keep a little more of what they he wins to help pay for the raise. cost of living at this time of historic inflation,” said Bumstead, R-North Muskegon. “Our budget also continues our multi-year commitment to increase education funding by increasing per-student funding by an additional $450 over last year. We’re also investing in a new Michigan Scholarship to provide up to $3,000 a year to students at Muskegon Community College, West Shore Community College, and other community colleges across the state.
Senate Bill 832 would invest $17.9 billion in K-12 education, a total increase of $938 million. After closing the per-student base allocation gap between schools last year, the Senate plan would use $630.5 million to increase the minimum base allocation by an additional $450 to $9,150 per student. This year. It would also include $70 million to help address learning loss due to COVID-19 closures.
The budget plan also made many investments in other key priorities.
It would increase support to $55 million for the Going Pro program to provide grants to support employee training, provide $40 million for the Michigan Reconnect program to help those seeking an associate’s degree or trade certificate, would provide $414.5 million to maintain wage increases for direct-care workers were instituted last year and are investing nearly $2 billion more in funding transportation from the local government to help repair local roads.
The budget bills also prioritize more revenue-sharing funds for local governments and more resources to train and hire 170 new Michigan State Police troopers, and 800 additional corrections officers. It would also provide a $1 million increase for secondary highway patrol grants that help support emergency response and traffic enforcement on local county roads.
SB 827-843 is now heading to the House of Representatives for review.