Friday, June 28, 2024 Today, the Michigan Legislature approved a balanced and bipartisan budget for fiscal year 2025, enhancing the state’s “Make It in Michigan” economic development strategy, which supports people, places, and projects. The FY25 budget amounts to $82.5 billion, with a general fund total of $15 billion and a school aid budget total of $19 billion.
Key investments include funding for economic development initiatives focused on project attraction, placemaking, and talent growth, all essential to the “Make It in Michigan” strategy, as well as investments aimed at boosting the state’s innovation and entrepreneurship ecosystem..
