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In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
The votes to pass the $83 billion budget for the fiscal year starting Oct. 1 came around 5 a.m., mostly along party lines in both legislative chambers, where Democrats hold a slim majority. It now ...
This is the third consecutive year in which personal income is projected to shrink in Michigan, relative to inflation, the Senate Fiscal Agency says. Michigan economy: State should avoid recession ...
The actual change in inflation that would have applied to 2024 tax bills was 5.1%, according to the "2024 Guide to Property Taxes & Proposal A" issued by Oakland County. But again, Michigan law ...
The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.
CBO current law baseline as of May 2023, showing forecast of deficit and debt by year. The budget document often begins with the President's proposal to Congress recommending funding levels for the next fiscal year, beginning October 1 and ending on September 30 of the year following. The fiscal year refers to the year in which it ends.
The state earned nearly $614M in interest during the 2023 fiscal year and is on track to take in close to that this year, records show. Michigan has extra $235 million to spend in budget thanks to ...
The Congressional Budget and Impoundment Control Act of 1974 created the current fiscal year of 1 October to 30 September, making the change to allow Congress more time to arrive at a budget and creating what is known as the "transitional quarter" from 1 July 1976 to 30 September 1976.