The Michigan House of Representatives today approved the budget for fiscal year 2014. State Rep. Matt Lori was happy to see continued fiscal responsibility in both the school aid and the general fund budget.
“The Michigan House has continued to be fiscally responsible with the money entrusted to us that will help not only our children, but our grandchildren and beyond,” said Lori, R-Constantine. “Our budget controls spending at a rate lower than the rate of inflation yet still boosts spending in education, public safety and revenue sharing for local governments.”
Some of the highlights from the budget include:
- $444 million in additional funding for K-12 education;
- $351 million to improve Michigan roads and infrastructure;
- $75 million for the state’s Rainy Day Fund; and
- $20 million in individual tax relief.
“By competing the budget well in advance of the deadline we are enabling local governments and school boards to know exactly how much money they will receive from the state,” Lori said. “That allows them to budget accordingly without having to send out layoff notices to teachers and other school employees.”
House Bills 4228 and 4328 now go to the Senate for consideration.