Budget Basics
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Transcript of Budget Basics
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Budget BasicsThe State Budget: A Matter of Priorities
Renell Weathers, Outreach [email protected]
2013
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The League’s Mission
To foster economic opportunity, independence and security for Michigan families by shaping public policy through objective data-driven research,
education and advocacy.
1223 Turner St. Suite G-1, Lansing, MI 48906-4369 (517) 487-5436Fax: (517) 371-4546 Web site: www.mlpp.org
A United Way Agency
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MONEY IN MONEY OUT
REVENUE APPROPRIATIONS
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Where the Money Comes From
Fed-eral
Funds43%
Sales and Use Taxes18%
In-come Taxes17%
Other 21%
Business Taxes1%
FY 2013, Total Spending = $46.9 billion
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Where the Money Goes
Community Health; 31%
K-12 School Aid and Edu-cation; 28%Human
Services; 14%
Other Depts. & Ser-vices*;
27%
3 of Every 4 Dollars (State and Federal) Go to 3 State Departments.
*Includes Transportation (7.2%), Corrections (4.2%, Higher Education & Community Colleges (3.5%), Revenue Sharing (2.3%) and others.
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The Big Tax Shift
Taxes on Businesses CUT
83%
Taxes on Individuals UP23%
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The Budget ProcessIntroduction - Governor’s Budget Recommendation
Late January – Mid-February
Subcommittee Deliberations and Full Appropriations
Committee ReviewFebruary – April
First Full House or Senate Action
Mid-April
Second Full House or Senate Action
April-May
Conference CommitteesLate May – Mid-June
Governor Review/Signature & Budget Bills Enacted
Mid-June – July
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8
Options:1. New revenue2. More cuts3. Executive order 4. Balanced approach
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A Decade of Disinvestment
Community Hea
lth
Correcti
ons
Human Se
rvices
K-12 School A
id
Community Colle
ges
Higher
Educati
on
Reven
ue Shari
ng
All Other
Programs
Total
State
Spen
ding-30%
-15%
0%
15%
30%
45%
60%53%
21%
-7%-1% -5%
-29%-25%
16%7%
Perc
ent C
hang
e
Change in DetroitCPI FY 2003-FY 2013: 21%
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• Most major policy decisions are made at least partly through the budget process.
• Families affected by poverty need stronger representation.
Be Part of the Budget Process!
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• Save our Youth
• Save our Families
• Save our Cities
What Action is Needed to:
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• Increase per pupil funding
• Stop out of school suspensions
• Provide Ceasefire funding
Invest in our Youth
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• Restore EITC (Earned Income Tax Credit) to 20% of Federal EITC
• Restore Revenue Sharing to fund public safety and public transit
Restore Funding for Families and Cities
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• Reduce juvenile incarceration
• Eliminate highway expansion
• Cut tax credits to corporations
Reduce Funding for Prisons and Highways