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State

Michigan Debt Clock

Michigan runs a FY2025 budget of about $81.0B, with federal aid covering 41.83% and motor vehicles leading roughly $62B in exports.

Midwest industrial tax bases, pension loads, and state-local rollover pressure FY2025 NASBO Table 1 and the U.S. State Fiscal & Export Data 2025 workbook.
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I. FY2025 Fiscal Pace

NASBO Table 1 · FY2025 state fiscal snapshot
Total Budget Pace
General Fund Pace
Federal Aid Pace
Other State Funds Pace
Bond Financing Pace
Federal Aid Share 41.83%
General Fund Share 18.37%

II. Trade and Economic Weight

U.S. State Fiscal & Export Data 2025 workbook
Export Pace
Top Export Product Motor Vehicles
Share of U.S. Exports 2.84%
Share of U.S. GDP 2.4%
Federal Aid Rank #9
Export Value Rank #8
GDP Share Rank #14
Export / Budget Multiple 0.77x
FY2025 state lens

Michigan

Michigan runs a FY2025 budget of about $81.0B, with federal aid covering 41.83% and motor vehicles leading roughly $62B in exports.

  • Federal transfers carry 41.83% of the FY2025 plan, placing the state in the high-dependency tier.
  • Motor Vehicles drives a top-10 export position, with about $62B shipped abroad.
  • Bond financing contributes $297M to the capital mix while the state carries 2.4% of U.S. GDP.
Source and pace note

How to read the moving state numbers

The moving dollar rows on this page express FY2025 budget and export totals as a per-second pace rail, while the percentages, products, and ranks stay fixed to the published state comparison table. That gives you motion without losing the official fiscal snapshot behind it.

Why this page matters in the U.S. ledger

Michigan now stays anchored to FY2025 budget, federal aid, export, and GDP-share data, so this state page behaves like a real fiscal watch surface instead of a placeholder card.

Midwest industrial tax bases, pension loads, and state-local rollover pressure
What this page adds

Built for a quick read and a deeper one

The U.S. surface is built to give you the big number fast and the explanation right after it. Every page adds enough context to help you understand what you are seeing instead of leaving you with a label alone.