
1 Cov Pg, DOC Northwestern Michigan College Financial Report, June 30, Michigan Form
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People also ask
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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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What is the Michigan tuition incentive program?
The Tuition Incentive Program (TIP) encourages eligible Medicaid recipients to complete high school by providing tuition assistance during an eligible student's qualifying certificate or associate degree program and also during the student's bachelor's degree program.
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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.
-
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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