Michigan's K-12 education system has arguably never truly supported all students to reach their full potential and prepare them for post-secondary opportunities and success. Instead, Michigan's education system has served as an engine of inequality when it should be providing opportunities for all kids to learn. Now is a critical time to address these long-standing education opportunity gaps, as Michigan works to utilize the historic federal investment in education and recover from the impacts of COVID-19 on student learning, which disproportionally affected historically underserved students. This report examines how Michigan can close the opportunity gaps by addressing the structural issues in Michigan's funding system that perpetuate inequities. This includes making significant investments to close the funding gap between what low-income students, English Learners and students with disabilities currently receive under Michigan's school funding formula and what leading states practice and what high-quality empirical research indicates they need to reach the same outcomes as their peers who have no additional needs.