On Thursday night, the Michigan Legislature passed a $77-billion budget for the 2023 fiscal year that includes funding for roads, education, $100 million for the new University of Michigan Detroit Center for Innovation in downtown Detroit, tax cuts, public pension relief, and more.
Senate Bill 845, which includes funding for K-12 education, features a nearly $2.6 billion increase from last year, moving the total K-12 budget to $19.6 billion. The bill dedicates $630.5 million to increase the minimum foundation allowance to a total of $9,150 per student.
The school aid budget also includes $305 million in scholarship funding to help address critical teacher shortages, a $295 million funding line to address student mental health and to increase access to mental health care, $33 million for school-based health clinics, $175 million to support current school employees earning a teaching certificate and $52 million for grants to help schools address learning loss still lingering from the pandemic.
“We applaud the Legislature and Governor for reaching a bipartisan budget agreement that will help Michigan win jobs and new businesses, attract talent, support our students and teachers, and provide opportunities for more widely shared prosperity across our state,” says Jeff Donofrio, president and CEO of Business Leaders for Michigan.
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July 1, 2022
