The Michigan Legislature passed a $75.2 billion budget for the 2026-2027 fiscal year, meeting the Constitutional deadline of October 1st. The House Republicans and Senate Democrats came together to compromise and pass the budget with no fee or tax increases, a win for small businesses in Michigan.
Key Highlights
The budget includes $30 million for small business development grants, loans, and other economic assistance to support small business growth in Michigan. It also renews the Transformation Brownfield program and increases per pupil funding allowance by $250 per student, totaling $10,300 per student.
The budget promotes transparency and accountability for state departments that issue permits, requiring the Department of Environment, Great Lakes, and Energy to discount or refund permitting fees if they are not approved or denied in a timely manner. It also updates permitting guidebooks to help applicants navigate the process and includes reporting and accountability measures to cut red tape and make Michigan a more business-friendly state.
Original reporting: NFIB (National Federation of Independent Business) — read the source article.
