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Frequently Asked Questions Regarding the State's Finances

The following questions provide an easily understandable overview of Michigan's finances. To find the answer to a particular question, click on it. Where appropriate, answers may include links to additional, more detailed information. We are interested in hearing your thoughts or suggestions regarding the questions and answers. Use this link to submit comments.

FAQ
  State Finances
What are the total revenues and expenses of state government?
 
Answer:
In fiscal year 2008, state revenues totaled $47.3 billion.  Michigan spent $47.8 billion during fiscal year 2008 to provide services to the citizens of Michigan. In addition to current year revenues, fund balances and other state assets were used to support government programs.

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