10/03/2025

LANSING – Just After 3 a.m this morning the Michigan state government finalized its budget for 2025-26. The more than $75 billion budget includes $51.8 billion in general government spending and $24 billion for education, with lawmakers fulfilling a promise to increase per-pupil funding. The budget is lower than the $82.5 billion approved for Fiscal Year 2025.  A separate bill to create a new 24% wholesale tax on marijuana, was held up in the Senate.  That tax would be on top of an existing 10% excise tax on retail marijuana sales and is expected to generate about $420 million in annual revenue to fix Michigan roads when it takes effect Jan. 1.  The Michigan Senate approving a $24 billion education budget that was later approved by the House which includes a 4.6% hike in general per-student funds, a restoration of $321 million for mental health and safety needs and a continuation of free school meals for Michigan’s K-12 students.