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%|
|Payments to school districts, local units of government and others||51.3%|
|Payments to colleges, universities||3.7%|
|Bond principal, interest||1.7%|
* Includes Medicaid provider and other healthcare costs
Does that sound about right to you?
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