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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?
  What are the state's primary sources of revenue?
  How much tax does the state collect?
  What are the largest programs supported by state government?
  What is the Rainy Day Fund?
  How much does the state have in its Rainy Day Fund?
  How much does the state spend on K-12 education?
  Where does the funding for K-12 education come from?
  How much does the State Lottery contribute to K-12 education?
  How much does the state spend on health services?
  Where does the funding for health services come from?
  Does the state borrow money?
  What does the state do when it needs to borrow?
  How much debt has the state incurred?
  How does Michigan's debt load compare to other states?
  How can I find out more about Michigan's finances?
  How can I obtain additional information about specific state government departments and agencies?
  Is there someone I can contact if I have additional questions about the state's financial reporting?

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