Michigan HB4577 appropriates funds for K-12 school aid for the fiscal year ending September 30, 2026.

Michigan HB4577 allocates funds for K-12 school aid for the fiscal year ending September 30, 2026. It appropriates $17,769,551,300.00 from the state school aid fund, $78,830,600.00 from the general fund, and up to $41,000,000.00 from the community district education trust fund. The bill also allows for additional funds from the MPSERS retirement obligation reform reserve fund and the educator fellowship public provider fund. Unused general fund allocations are transferred to the school aid stabilization fund.

Michigan HB4577 appropriates funds for K-12 school aid for the fiscal year ending September 30, 2026.

Michigan HB4577 allocates funds for K-12 school aid for the fiscal year ending September 30, 2026. It appropriates $17,769,551,300.00 from the state school aid fund, $78,830,600.00 from the general fund, and up to $41,000,000.00 from the community district education trust fund. The bill also allows for additional funds from the MPSERS retirement obligation reform reserve fund and the educator fellowship public provider fund. Unused general fund allocations are transferred to the school aid stabilization fund.