Tag: School Aid Fund

‘Launch Michigan’ Wants an Extra $3.8B for Schools Statewide

The Center Square

A school advocacy group called Launch Michigan wants an additional $3.8 billion for Michigan schools disbursed statewide, funded by an undisclosed new tax.

The group released its report in June, prior to state lawmakers passing a 2023 $19.6 billion School Aid Fund, which includes record education spending of $21.3 billion, or 27% of the entire state budget for the year.

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Michigan to Send $140 Million of Marijuana Tax Revenue to Taxpayers

The Center Square

More than $1.1 billion of legal marijuana has been sold in Michigan in fiscal year 2021, and now, more than $140 million of tax revenue will kick back to taxpayers.

Of that amount, $42.2 million will fund 163 municipalities and counties, $49.3 million will flow to School Aid Fund, and $49.3 million will go to the Michigan Transportation Fund.

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