Michigan’s budget increased, cumulatively, more than pop+inf in state funds and all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $41.57
- Budget Limit ($ Billions): $43.50
- Budget Limit Growth ($ Billions): 4.63%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $502.96
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $2,012
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $2,805.43
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $11,221.73
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $84.27
- Budget Limit ($ Billions): $88.17
- Budget Limit Growth ($ Billions): 4.63%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $5,063.93
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $20,255.70
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $15,406.26
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $61,625.04
Other Considerations
- Economic Freedom (2020) (Rank): 33 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,426 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 28 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $4,720 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 8.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 5 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 4.25% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 15 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 12 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 6.00% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 27 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.00% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 38 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.38% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 14 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 2 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 3 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $12,244 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 23 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 11.7 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 34 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 8 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 21 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 59.70% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 39 [Bureau of Labor Statistics]