To add $1.003 billion to the state spending already approved for the 2022-23 fiscal year, all but $20 million of which will come from state taxpayer dollars (not federal). The largest amount, $916 million, will be spent giving subsidies to a handful of corporations and developers selected by officials at a "Michigan Economic Development Corporation," the state agency in charge of delivering special interest business subsidies. The bill also authorizes $72 million in additional spending on various social welfare programs, and $15 million for improvements to state armories.