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Budget Basics

Budget Basics. The State Budget: A Matter of Priorities. Renell Weathers, Outreach Director rweathers@mlpp.org 2013.

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Budget Basics

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  1. Budget Basics The State Budget: A Matter of Priorities Renell Weathers, Outreach Director rweathers@mlpp.org 2013

  2. The League’s MissionTo foster economic opportunity, independence and security for Michigan families by shaping public policy through objective data-driven research, education and advocacy. 1223 Turner St. Suite G-1, Lansing, MI 48906-4369  (517) 487-5436 Fax: (517) 371-4546  Web site: www.mlpp.org A United Way Agency

  3. MONEY IN MONEY OUT REVENUE APPROPRIATIONS

  4. Where the Money Comes From

  5. Where the Money Goes

  6. The Big Tax Shift Taxes on Businesses CUT 23% Taxes on Individuals UP 83%

  7. The Budget Process Governor Review/Signature & Budget Bills Enacted Mid-June – July Introduction - Governor’s Budget Recommendation Late January – Mid-February Subcommittee Deliberations and Full Appropriations Committee Review February – April Conference Committees Late May – Mid-June First Full House or Senate Action Mid-April Second Full House or Senate Action April-May

  8. Options: 1. New revenue 2. More cuts 3. Executive order 4. Balanced approach

  9. A Decade of Disinvestment Change in Detroit CPI FY 2003-FY 2013: 21%

  10. Be Part of the Budget Process! • Most major policy decisions are made at least partly through the budget process. • Families affected by poverty need stronger representation.

  11. What Action is Needed to: • Save our Youth • Save our Families • Save our Cities

  12. Invest in our Youth • Increase per pupil funding • Stop out of school suspensions • Provide Ceasefire funding

  13. Restore Funding for Families and Cities • Restore EITC (Earned Income Tax Credit) to 20% of Federal EITC • Restore Revenue Sharing to fund public safety and public transit

  14. Reduce Funding for Prisons and Highways • Reduce juvenile incarceration • Eliminate highway expansion • Cut tax credits to corporations

  15. Thank You! rweathers@mlpp.org Website:www.mlpp.org Sign up for “Email Alerts” Become a member

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