State Budget Highlights for the Business Community
Gov. Gretchen Whitmer has approved the historic $81.7 billion state budget for Fiscal Year 2024, which passed in a balanced, bipartisan fashion with a focus on growing the economy, lowering costs, and supporting student success. The Detroit Regional Chamber’s legislative priorities are well represented in the budget, and many of the programs the Chamber advocates for saw continued or increased funding.
The “Make it in Michigan” budget includes a general fund total of $15.2 billion and a School Aid Fund total of $19.4 billion.
See below for a breakdown of the budget and the Chamber’s perspective:
Education and Talent
The FY24 budget aims to get kids back on track and support student success. The budget continues historic public education investments, including: