
FIS 0506 0909 Office of Financial and State of Michigan Michigan Form
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People also ask
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How do I find out if the state of Michigan owes me money?
To find out if you have cash or property, go directly to the Michigan's Unclaimed Property website, which provides enhanced search options and the ability to upload verifying documentation easily and securely.
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How does Michigan earn money?
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
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What is the financial condition of Michigan?
Michigan only has $46.9 billion of assets available to pay bills totaling $75.1 billion. Because Michigan doesn't have enough money to pay its bills, it has a -$28.2 billion financial hole. To fill it, each Michigan taxpayer would have to send -$7,600 to the state.
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What is the financial status of Michigan?
Michigan only has $46.9 billion of assets available to pay bills totaling $75.1 billion. Because Michigan doesn't have enough money to pay its bills, it has a -$28.2 billion financial hole. To fill it, each Michigan taxpayer would have to send -$7,600 to the state.
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