Michigan law requires a school board to adopt its budget before the beginning of the fiscal year (July 1). School officials should be aware of budget adoption legislation that took effect in 1995 (PA 40 of 1995), which significantly altered a school district’s obligations for truth-in-taxation and budget adoption procedures. That legislation permits a school district to dispense with the truth-in-taxation process if it takes certain steps as part of the budget adoption process.
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