Michigan's public education system remains in a perennial rut, as it has for decades. According to the National Assessment of Educational Progress (NAEP), Michigan's fourth grade reading scores show no significant change over the past 16 years. Even before the pandemic, too many dreams have stalled, and academic achievement remains largely stagnant across key indicators for success. And the analysis from The Education Trust-Midwest shows some worrisome projections by 2030, if the state doesn't commit to transformation. These projections build upon a broad body of research and many analyses showing that student achievement has languished in Michigan in reading and math. But with greater access to effective educators, principals, and counselors, and better funded and supported schools, all students can be supported on their educational journey. With more one-on-one attention and increased opportunity for post-secondary options, every student can build a bright future. And with more investments, especially for vulnerable students, schools, and communities with the greatest needs, public education will improve overall--and the state will be stronger. This report presents: (1) The Data: Michigan's Troubled Reality: Where We Are and Where We've Been; (2) Missed Opportunities: Michigan's Stalled Efforts to Improve Implementation and Honesty Challenges; (3) Recommendations: Radical Transparency and Radical Transformation Needed; and the 2022 Michigan Achieves! Indicators. [Additional funding provided by the Ballmer Group and DTE Energy Foundation. For the 2021 report, see ED611169.]