2006 Senate Bill 1088 ↩

Senate Roll Call 206: Passed

The Senate version of the Fiscal Year (FY) 2006-2007 higher education budget. This appropriates $1.789 billion in gross spending, compared to $1.733 billion, which was the FY 2005-2006 amount enrolled in 2005. Of this, $1.617 billion will come from the general fund (funded by actual state tax revenues), compared to the FY 2005-2006 amount of $1.576 billion. $138.3 million comes from tobacco lawsuit settlement money. The budget increases UM, MSU and Wayne State funding by two percent, and all others at at least 1.8 percent, plus more for four schools that currently get less than a $3,750 minimum funding "floor." It includes funding for scholarships for students attending private colleges in the state.