HB-4229 Summary

• Sets appropriations for higher education for fiscal year ending September 30, 2018 with a gross appropriation of $0.00, effectively providing a zero-dollar budget placeholder.

• Removes all specific funding amounts for 15 public universities including Michigan State University, University of Michigan, Wayne State University, and others that were previously listed with detailed operations and performance funding allocations.

• Eliminates appropriations for grants and financial aid programs including state competitive scholarships, tuition grants, tuition incentive program, and Project GEAR-UP that previously totaled $110,983,200.00.

• Changes fiscal year references from 2016-2017 and 2017-2018 to 2017-2018 and 2018-2019 respectively in the intent language of Section 236a.

• Indicates legislature's intent to provide final appropriations after the January 2018 consensus revenue estimating conference, with amounts adjusted for caseload changes, federal funding rates, economic factors, and available revenue.