Friday, June 04, 2021

State Spent $13 Billion More Last Year Than A Decade Ago, Even After Inflation

State Spent $13 Billion More Last Year Than A Decade Ago, Even After Inflation

  • Still, there’s always calls for more

"...over the past 10 years, the number of state taxpayer and other dollars flowing through Michigan’s state government has grown.
According to the Michigan Senate Fiscal Agency, the overall state budget (including local, state and federal dollars) has increased from $45.7 billion in 2009-10 to $67.2 billion in 2019-20. 
After adjusting for inflation, this is the equivalent of the state spending $13 billion more last year than it did just 10 years ago.
...Michigan collected $25.2 billion from state taxes and fees in 2009-10. The amount collected in 2019-20 was $33.0 billion, which even after adjusting for inflation is a $3 billion increase over 10 years ago, despite the COVID pandemic...Read all!

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