Introduced in the House on February 28, 2007, the House version of the Fiscal Year (FY) 2007-2008 higher education budget for “research” universities, meaning the University of Michigan, Michigan State, and Wayne State. This appropriates $1.027 billion in gross spending, all of which comes from the general fund (funded by actual state tax revenues.) When delays in previous year disbursements are considered that pushed some of those appropriations into this budget, the net increase in funding is around 5 percent over the previous fiscal year, divided unevenly among the various universities. Note: As with all House Budgets, this one authorizes spending well in excess of projected revenues, and is based on the presumption of a substantial tax increase
The vote was 57 in favor, 52 opposed and 1 not voting
(House Roll Call 323 at House Journal 78)
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