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.
Rep. Thomas Albert, chair of the Michigan House Appropriations Committee, issued the following statement after today’s Consensus Revenue Estimating Conference: “Keep in mind these are simply revenue projections – not actual money in the bank. With all of the uncertainty in the economy, we must be careful – it would be a mistake to make […]
House Appropriations Committee Chair Thomas Albert talks about passage this week of the House version of the 2023 state departmental budgets that originated in the House. Chairman Albert says extra funds were put into paying down debt and savings, and that he cannot say what the Governor will approve or line item veto.