Michigan budget

To qualify for the increase, universities will have to hold tuition increases to 3.2% and meet certain performance criteria

Spending plan also sets aside money in case federal government reduces payments under the Affordable Care Act

Estimate is $325-million in ongoing revenue with the rest in one-time appropriations

Federal funding comprises 40% of state's total budget

Inflation adjusted spending on education is $572 less per student than it was in 2008, according to report