House Appropriations Chair Thomas Albert issued the following statement about proposed quarterly budgeting in state government:
“One of the Legislature’s main missions is oversight of how taxpayer money is spent. Moving to a quarterly system for reviewing and approving budgets will help us fulfill that mission. This change ensures more accountability, efficiency and transparency by building it right into the system four times a year through legislative review. It will help us ensure, on behalf of Michigan taxpayers, that their money is spent as intended.
“Outside of government., quarterly budgeting is common. It helps businesses and even many families keep their finances on track. It makes sense for state government to use a similar process.”
NOTE: Quarterly budgeting would not be used in budgets for education, public safety and certain areas within the Department of Health and Human Services.
House Appropriations Committee Chair Thomas Albert, of Lowell, today said a budget approved by the Michigan Legislature assists several Kent County communities and projects – including infrastructure upgrades, business parks and county fairs.
In a time where political power is divided within state government, we came together and accomplished a lot of good with this budget.
We helped ensure the budget is fiscally responsible and sustainable – paying back $150 million into the unemployment trust fund to restore money lost through fraudulent claims, restoring $500 million to the state’s rainy day fund, and keeping billions of dollars on the balance sheet as we move forward.