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Mon February 18, 2013
Where do Michigan's tax dollars go?
Ever wonder where your Michigan tax dollars go?
MLive’s Jonathan Oosting has an article today that breaks it all out.
He notes that:
Michigan is one of eight states that levies a sales tax on fuel purchases, but it does not devote any of that revenue to road maintenance or repairs.
Here’s an overview of the breakout:
- School aid fund: Nearly 75 percent -- used to fund K-12 education.
- General fund: Roughly 15.9 percent -- finances most major departments of state government
- Local revenue sharing: Approximately 10 percent -- distributed to local government units through revenue sharing.
- Comprehensive transportation fund: Roughly 1 percent -- provides funding for various public transportation systems and freight programs around the state.
- Chris Zollars, Michigan Radio Newsroom