Michigan Gov. Rick Snyder signed the state’s fiscal year 2019 budget into law Thursday June 21, ensuring smart, responsible and historic investments are made that will improve the quality of life for all Michiganders.
Today’s signing marks the eighth straight year the state budget has been completed well in advance of the required deadline, avoiding the stalemates and government shutdowns of previous generations.
“I am proud of the budget I signed today, as well as the previous seven budgets. We have created a new culture and expectation here in Lansing of getting budgets done responsibly, thoughtfully and early,” Snyder said. “This is further proof of what can happen when people commit to working together in a positive fashion without the fighting and negative discourse that has become too commonplace. This budget will maximize Michigan’s momentum with significant investments in our key priorities. We also have continued a strong commitment to fiscal responsibility by paying down debt and increasing our Rainy Day Fund balance to more than $1 billion.”
Senate Bill 848, sponsored by Sen. Dave Hildenbrand, provides $39.9 billion in state funding for the upcoming fiscal year.
“This is an excellent budget that will continue to propel our state on a positive path forward,” State Budget Director John Walsh said. “It has been a privilege to work on a spending plan that is fiscally responsible and centered on key investments that will help families across Michigan.”
With an unemployment rate that continues to remain below 5 percent and more than 540,000 new private-sector jobs added since December 2010, Michigan’s economy remains strong and the future is bright.
“Our budget success over the past eight years has been impressive and lays the foundation to build on our comeback now and into the future,” said Lt. Gov. Brian Calley.
Budget accomplishments during the Snyder/Calley administration have included:
“I am extremely proud of what we have accomplished through these eight budgets,” Calley said. “It has been an honor to serve as Gov. Snyder’s partner in restoring fiscal responsibility and common sense to state government budgeting.”
Specific highlights of the fiscal year 2019 budget include:
Investing in Michigan Roads and Infrastructure
In 2015, the governor signed a $1.2 billion road funding package to address the state’s crumbling infrastructure and provide a long-term solution for the state. This budget supports the road funding package and further invests in the repair of Michigan roads.
Investing in Michigan’s Safety
Ensuring the safety of Michigan’s cities and counties continues to be a top priority for Gov. Snyder. The FY 2019 budget reflects this with further investments to support the security of the state.
Commitment to Fiscal Responsibility
In addition to continuing the strong practice of paying down debt and keeping the state on a direct course to paying off its retirement liabilities by the year 2038, this budget also makes a substantial investment in the state’s Rainy Day Fund.
Strategic One-time Investments
Along with continuing investments, the budget provides for several one-time investments that support people and programs across Michigan. These strategic investments are a responsible way to use taxpayer dollars to make investments in technology, the economy, and other important areas that are critical to state success.
The bill is now Public Act 207 of 2018. The governor did not veto any portion of the budget.
For more information on the legislation, visit https://www.michigan.gov/budget.