Children: other; rolling average amount for disbursement under the children’s trust fund; increase. Amends sec. 1 of 1982 PA 249 (MCL 21.171).
Impact
One of the key provisions of SB0419 is the adjustment of the disbursement percentage derived from the rolling average of the trust fund. Previously set at a maximum of 4.25%, the bill proposes that starting from fiscal year 2026, this disbursement could rise to 8%. This increase allows for greater resources to be allocated towards child welfare programs, offering a potentially positive impact on services targeting child safety and well-being in Michigan.
Summary
Senate Bill No. 419 seeks to amend the provisions surrounding the Michigan Children's Trust Fund, which was initially established under 1982 PA 249. The bill specifies how the trust fund, aimed at preventing child abuse and neglect, is to be financed and how its resources may be disbursed. Among its changes, the bill provides for a significant increase in the amount of funds that can be disbursed based on a rolling average calculation, allowing for a more flexible financial response to children's needs and services across the state.
Contention
Despite the apparent benefits of expanding the trust fund's availability for disbursement, discussions around the bill may reveal underlying points of contention. Advocates for child welfare programs often emphasize the importance of increased funding, yet concerns about the sustainability of such increases and the potential for oversight issues may be raised. The bill's reliance on certain financial metrics, such as the rolling average and previous fiscal year contributions, could also lead to debates on prioritizing funds and resource allocation within the state treasury.
Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.).
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: HB 4275'23
Economic development: Michigan strategic fund; good jobs for Michigan program; modify. Amends secs. 9, 90g & 90h of 1984 PA 270 (MCL 125.2009 et seq.). TIE BAR WITH: SB 0580'23
State management: funds; revenue sharing trust fund; create. Amends sec. 2 of 2000 PA 489 (MCL 12.252) & adds secs. 11a & 11b. TIE BAR WITH: SB 0182'23