Most of the $25 million that would be allocated in the 2015-16 fiscal year for the state's film incentive program would go not toward incentives to convince producers to film their movies or television programs in Michigan but instead cover the debt the state's retirement system guaranteed on a Pontiac studio that failed and was unable to pay what was owed.
Initially, the word that the state would spend $25 million on the program - halfway between the $50 million Governor Rick Snyder recommended and the Senate passed and the complete defunding of the program passed by the House - seemed a simple numbers game of meeting in the middle. But $19.1 million of the money would instead go toward covering the debt for the Raleigh studio, leaving just $5.9 million for the actual film incentives - and all of the money was labeled as one-time.
The state will spend $500,000 to study what per pupil resources would be sufficient to ensure all pupils can attain proficiency in the state's required curriculum under the Department of Technology, Management and Budget spending plan approved for the 2015-16 fiscal year Tuesday.
Republican lawmakers had put a big target on the budget of the Michigan Economic Development Corporation, and the budget heading toward final approval would cut the state's business attraction programs by 10.8 percent in the upcoming 2015-16 fiscal year.
Also In Gongwer
SB 115 - 8:30 am
SB 118 - 8:30 am
Senate Appropriations - 9:00 am
House Families, Children and Seniors - 9:00 am
House Elections - 9:30 am
Cherry Committee - 9:30 am
U.S. Rep. Fred Upton (R) fundraiser - 3:00 pm
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