A short summary of spending cuts proposed by Governor Snyder in his BUDGET ADDRESS at 11 a.m. today –
A total cut of $1.5 billion in cuts will be presented to the State Legislature.
A total cut of $470 per student for public schools. A savings of $425 million.
**$470 times 15,000 students (approx. population of WLCSD) = $7,050,00 Loss for WLCSD
An additional $85.6 million of cuts in categorical and district specific funding (I don’t have specifics).
Intermediate school district funding has been reduced by 5 percent
A 15 percent cut ($222 million) for higher education. To protect students, $83 million will be set aside to reward universities that keep tuition and fee increases below a five-year average.
Eliminating revenue sharing payments for cities, villages, and townships. A savings of $92.1 million.
A fund of $200 million to use as incentive payments for cities, villages, and townships that adopt “best practices” ( I don’t have specifics.)
Governor’s pay will be $1.