As you may have heard, President Trump has signed the fiscal year 2017 omnibus spending bill, which funds the government for the remaining five months of Fiscal Year (FY) 2017.
We can now report that the package includes full funding for all of public media’s programs. The spending package was passed and signed before the Continuing Resolution funding of the government expired on Friday, May 5, 2017. This is phenomenal news for all public radio and television stations.
As a reminder, the spending package only resolves FY 2017.
Later this month, we expect the House of Representatives to start working on their FY 2018 budget and a full version of the President’s FY 2018 budget to be released. We will also closely monitor those items as well.
As you may know, The Corporation for Public Broadcasting provides funding to stations annually via the Community Service Grant (“CSG”). For Michigan Radio, this year’s CSG grant amount is $ 449,000, representing about 6% of our income. The CPB also helps to defray other expenses for public radio stations like ours, such as music license fees and satellite interconnection service, which means we don’t have to make additional cash payments for these basic and necessary services.
In summary, we are very pleased to retain the value and continuity of the CPB-funded Community Service Grant. The CSG direct dollars and other indirect support remain critical to our financial health. Thank you for your support and belief in this funding source as we continue to extend our excellence in public media service to the citizens of Michigan.
Executive Director and General Manager