SB-0784 Summary

• Changes fiscal year appropriations for community colleges from fiscal year 2016 to fiscal year 2017 ending September 30, 2017.

• Sets gross appropriation amount to $0.00 with all revenue sources (federal, local, private, state restricted, and general fund) listed as $0.00, effectively zeroing out the budget.

• Removes detailed allocation amounts for all 28 Michigan community colleges that were previously specified, including operations and performance funding breakdowns.

• Removes appropriations for community college retirement contributions ($1,733,600.00), retirement system participating entity payments ($69,500,000.00), and renaissance zone tax reimbursements ($5,100,000.00).

• Updates Section 201a to indicate fiscal year 2017-2018 appropriations will be determined after the January 2017 consensus revenue estimating conference, with adjustments based on retirement costs, caseload, federal match rates, and available revenue.