Inside208

Governor Signs Fiscal Year 2025 State Budget

Posted on July 25, 2024 by Jennifer Rigterink

Yesterday, inside Detroit’s Fire Engine House 52, the Governor signed the $59 billion omnibus budget passed by the Legislature in late June. The League’s Executive Director and CEO, Dan Gilmartin, attended the signing along with several mayors.

As a reminder, this year’s budget significantly increased revenue sharing and created a new dedicated pot of resources for public safety. For all the details on the budget, you can click here to read our previous blog on the topic. Now that the Governor has signed the budget, we expect Treasury to release revenue estimates in the next week or so. Once Treasury posts its estimates, we will share that information with our members.

While we are thankful for the increased revenue sharing in the budget, we must still focus on and work to implement the revenue-sharing trust fund policy. The trust fund will provide predictability and investment for local budgets. We encourage you to reach out to your legislators and express to them the importance of this. For details on the trust fund bills, click here to read our previous blog.

 

Jennifer Rigterink is the League’s assistant director of state and federal affairs, handling economic development, land use, and municipal services issues. She can be reached at [email protected]

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