Schmidt supports 2018-2019 fiscal year budget
LANSING, Mich. — The state Legislature on Tuesday approved two bills that will fund the state of Michigan for the 2018-2019 fiscal year.
“Final passage of the two budget bills marks the eighth year in a row the Legislature has approved the state’s budget ahead of schedule,” said Sen. Wayne Schmidt, R-Traverse City. “I commend my colleagues for putting our differences aside, negotiating hard and coming up with a product that will benefit Michigan’s hardworking taxpayers.”
Schmidt noted he was especially pleased with the commitment to our state’s education system. School Aid will see a record investment of $14.8 billion and schools will see a foundation allowance increase of between $120 and $240 per pupil.
“The vast majority of schools across northern Michigan and the Upper Peninsula will receive $240 per student as part of the 2X formula,” Schmidt said. “Which means more money for classrooms and students.”
The “2X” funding formula allows districts at the minimum foundation allowance to receive two times the amount of that increase. Most northern and Upper Peninsula schools are at the base amount, so $240 per student is another step in closing the gap between northern Michigan and other parts of the state.
The 2018-2019 budget also increases funding for our state’s aging roads and bridges.
“We listened to Michiganders who said roads are a priority,” Schmidt said. “Through continued commitment and prioritization, transportation funding has risen to record levels. Our roads and bridges have benefitted from an additional $2.4 billion since 2017.”
Schmidt also applauded an appropriation for a specific road funding project in his district.
The senator announced that with the help of local officials, he was able to secure an additional $300,000 to rebuild a section of Eighth St. in Traverse City.
“This major cross-town route desperately needs repairs,” Schmidt said.
The budget includes money to hire new state police troopers, more corrections workers and more conservation officers. The budget also increases revenue sharing for localities to spend on local operations, further improve sexual assault programs on our state’s campuses and boosts Pure Michigan tourism promotion funding by $1 million.
The budget also invests $58 million in school safety initiatives like OK2SAY that keep our students safe, and increases the state’s rainy day fund to $1 billion from a $1.8 billion structural deficit 8 years ago.
“I’m very glad to see this budget make it to the governor’s desk,” Schmidt said. “I applaud my colleagues for working through several challenges and coming up with a product that will benefit Michigan taxpayers. This budget ensures funding for essential services, pays down debt, invests in our future and makes sure the state lives within its means.”
The fiscal year 2018-2019 budget will now go to Gov. Rick Snyder for consideration.