Michigan HB6075 amends the state school aid act to adjust the foundation allowance based on the Detroit Consumer Price Index and inflation.

Michigan HB6075 amends the state school aid act to revise the foundation allowance calculation. The foundation allowance will be based on the Detroit Consumer Price Index and inflation, ensuring it reflects economic changes. The bill also mandates the revenue estimating conference to forecast revenues and expenditures for Medicaid, human services, and public school students with additional needs. The forecast will cover the fiscal year in which the conference is held and the next two ensuing fiscal years.

Michigan HB6075 amends the state school aid act to adjust the foundation allowance based on the Detroit Consumer Price Index and inflation.

Michigan HB6075 amends the state school aid act to revise the foundation allowance calculation. The foundation allowance will be based on the Detroit Consumer Price Index and inflation, ensuring it reflects economic changes. The bill also mandates the revenue estimating conference to forecast revenues and expenditures for Medicaid, human services, and public school students with additional needs. The forecast will cover the fiscal year in which the conference is held and the next two ensuing fiscal years.