Michigan’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $11.6 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $32.1 billion too much.
  • The 2023 all funds budget is $27.4 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $89.0 billion too much. 

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $50.33
  • FY 2025 Only State Funds Budget Limit ($ Billions): $52.97
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.25%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $1,153
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $4,613
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $3,197
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $12,788

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $88.76
  • FY 2025 All Funds Budget Limit ($ Billions): $93.42
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 5.25%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 2,730
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 10,919
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 8,871
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 35,485

Other Considerations