LANSING – Michigan’s 2016-17 fiscal year officially ends Saturday, and state budget officials expect a quiet close to the year.
There are no urgent transfers or last minute adjustments needed, officials said.
The state expects departments to lapse unspent funds, but an estimate on the amount is not yet available. One official said lapses “look healthy” at this point.
An official also said when the books are closed on the fiscal year, “We will be well into the black.”
Officials anticipate the books will be closed on the 2016-17 budget in December.
This story was published by Gongwer News Service
