The bill proposes a comprehensive budget for the Michigan Department of Labor and Economic Opportunity for the fiscal year ending September 30, 2026, with a gross appropriation of $2,112,782,300. This funding will support various initiatives aimed at enhancing economic opportunities, workforce development, and community support, including the "Going Pro" program and grants for rehabilitation services. It also allocates $323,004,100 for one-time appropriations focused on housing relief, small business support, and workforce development programs. The bill emphasizes transparency and accountability in fund management, requiring detailed reporting on expenditures and the use of funds, particularly for initiatives that support underserved communities.

Additionally, the bill introduces provisions to enhance the management of grant agreements, requiring the state budget office to submit application materials for review and ensuring that funds are used for public purposes. It establishes a searchable database for tracking economic assistance agreements and mandates regular reporting on the impact of funding on small business growth and job creation. The legislation also prioritizes support for community development financial institutions (CDFIs) and includes specific allocations for workforce training programs, educational initiatives, and services for individuals with disabilities. Overall, the bill aims to bolster economic stability and support for vulnerable populations in Michigan through targeted funding and structured financial management.