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Frequently Asked Questions Regarding the State's Finances
The following questions provide an easily understandable overview of Michigan's finances. To find the answer to a particular question, click on it. Where appropriate, answers may include links to additional, more detailed information. We are interested in hearing your thoughts or suggestions regarding the questions and answers. Use this link to submit comments.

FAQ
  State Finances
What are the state's primary sources of revenue?
 
Answer:
In fiscal year 2012, taxes comprised 44.1% of the state's total revenues. The next largest category of revenues was federal and other operating grants, which comprised 31.4%. Below is a more complete breakdown of state revenues:

Government-wide Revenues - Fiscal Year 2012


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