Michigan Faces Deadline Dilemma with Budget Closure
Michigan is grappling with the possibility of missing the deadline to close its last budget by the end of the month, raising concerns about the state’s financial processes.
Democratic House lawmakers made an unsuccessful attempt on Thursday to move Senate-passed book closing bills out of committee for a full floor vote. Meanwhile, the Senate went on spring break without considering a House plan that could address the issue.
The House proposed a plan supported by Republicans to link the book-closing to funding government parts in case a new budget is not passed in time, showcasing differing approaches to budget management.
Senate Appropriations Committee Chair Sarah Anthony emphasized the importance of closing the books but acknowledged that other legislative priorities like the FY26 budget and road deals are occupying lawmakers’ attention.
State law mandates the budget director to issue a full accounting report by the end of the month, adding pressure to resolve the budget closure issue promptly.
Despite the looming deadline, House Appropriations Committee Chair Ann Bollin expressed optimism that the books will be closed before the next budget cycle. Bollin highlighted the productive communication with the Senate, indicating a shared vision despite differing paths to reach a resolution.
While concerns exist about the impact of the delay on the state’s credit rating and ability to secure loans, Bollin remains confident that Michigan will navigate the budget closure challenge effectively.
