The FY 2003-2004 executive recommendation for K-12 school aid, with $12.467 billion in gross spending. The amount expected to be spent in the 2002-2003 school year is $12.545 billion. The budget increases the minimum per-pupil foundation grant to $6,700, an amount which had been reduced in the 2002-2003 school year due to revenue shortfalls. Much more information on Michigan’s budget is available at Hot Topics: Michigan’s Budget Challenge at www.mackinac.org/4964.   Official Text and Analysis.