Where Does Michigan Spend Its Money?
Michigan spent about $45.7 billion throughout the fiscal year that ended Sept. 30. Here's where the money went:
CATEGORY | SHARE OF SPENDING |
---|---|
Salaries, fringe benefits & other employee costs | 10.9% |
Contractual services, supplies and materials* | 28.3% |
Capital acquisitions and rentals | 2.7% |
Travel | 0.1% |
Payments to school districts, local units of government and others | 51.3% |
Payments to colleges, universities | 3.7% |
Bond principal, interest | 1.7% |
Information technology | 1.2% |
* Includes Medicaid provider and other healthcare costs
Does that sound about right to you?
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