A new Granholm administration proposal to spend $100 million to seed regional economic-development projects is drawing interest. Other items in Granholm's $42.6 billion budget, include a $34 million, 2 percent funding increase for community colleges and universities. The increase would be a straight 2 percent for community colleges and the University of Michigan, Michigan State University and Wayne State University , but Michigan 's other 12 public universities would see a 1 percent increase, with an additional 1 percentage point to be distributed under a formula that rewards degree completion, accessibility, affordability and outreach to low-income students.