Michigan lawmakers have approved a $75.2 billion state budget that includes increased school funding, transportation investments, retirement tax changes, and adjustments to Medicaid eligibility requirements.

Education Funding

The budget agreement outlines spending across major state programs, including education, infrastructure, healthcare, and assistance programs. The plan includes a $10,300 per-pupil allocation for schools statewide and eliminates the state retirement tax.

Gov. Gretchen Whitmer is expected to sign the budget allocations line by line. The new budget takes effect Oct. 1.

Senior Tax Changes

The budget removes Michigan’s state retirement tax, a change the governor’s office said will reduce costs for seniors. According to the governor’s office, the elimination of the tax is expected to save seniors approximately $1,000 per year.

The budget includes $185 million for Medicaid to provide additional stability for the program, according to the governor’s office. The spending plan also includes changes related to Medicaid and food assistance eligibility requirements.

Original reporting: WOWO News/Talk (Fort Wayne) — read the source article.