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Michigan School Pensions Still Underwater, Democrat s Bill Would Sink Them Lower

May 17, 2021 Like every Michigan public school district, the Detroit Public Schools Community District is struggling with rising pension expenses caused by decades of state officials underfunding the pension system. In 2016-17, the district had to contribute $76.5 million to the state-run pension fund for public school employees. Just three years later, the required contribution was up to $108.0 million, a 41% increase. Despite several efforts to reform the Michigan Public School Employees Retirement System over the years, the pension fund was still $33.8 billion short of the amount needed to meet its pension promises. That amount is about twice the annual revenue of the entire state K-12 public school system

$1 5B for Michigan child care in limbo as GOP plays hardball with Gov Gretchen Whitmer

State lawmakers start approving budget | News, Sports, Jobs

Michigan lawmakers begin passing budget bills; no deal with Gov Gretchen Whitmer

It s about $728 million less than what was proposed by Gov. Gretchen Whitmer Budget must pass by July 1, though fiscal year will not start until Oct. 1 Michigan Governor s Office Republicans who control Michigan s Senate on Tuesday began approving a $66.4 billion budget that is about $728 million less than what was proposed by Gov. Gretchen Whitmer. LANSING Republicans who control Michigan s Senate on Tuesday began approving a $66.4 billion budget that would spend 5 percent more than in the current year, thanks to an influx of federal funding, but about $728 million less than what was proposed by Gov. Gretchen Whitmer. Democrats voted against seven of nine bills, showing a legislative deal with the Democratic governor remained weeks or months away. The Legislature is required to pass 2021-22 spending bills by July 1, though the fiscal year will not start until Oct. 1.

Michigan lawmakers begin passing budget bills; no deal with Whitmer

Michigan lawmakers begin passing budget bills; no deal with Whitmer David Eggert Tags:  The Michigan Capitol Building in Lansing LANSING, Mich. – Republicans who control Michigan’s Senate on Tuesday began approving a $66.4 billion budget that would spend 5% more than in the current year, thanks to an influx of federal funding, but about $728 million less than what was proposed by Gov. Gretchen Whitmer. Democrats voted against seven of nine bills, showing a legislative deal with the Democratic governor remained weeks or months away. The Legislature is required to pass 2021-22 spending bills by July 1, though the fiscal year will not start until Oct. 1.

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