David Zin News Today

Higher-than-expected tax revenue projections could trigger a law that automatically cuts Michigans personal income rate, state budget experts said.

Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.

Soaring state tax revenues continue to shock forecasters from Michigans two legislative fiscal agencies. Friday estimates were revised upward by $5B.

Michigan could beat previous revenue expectations by around $6.8 billion across the current and next couple of fiscal years.

Michigan is surpassing revenue predictions by billions of dollars for the next couple of fiscal years, according to results of the state's Consensus Revenue Estimating Conference.

Soaring state tax revenues continue to shock forecasters from Michigans two legislative fiscal agencies. Friday estimates were revised upward by $5B.

Michigan is once again raising its expectations for tax revenue after higher than expected hauls in sales, use and income tax revenue

The Michigan Senate voted Tuesday to suspend the states 27-cent-per-gallon gas tax, setting up decision from Gov. Gretchen Whitmer.

Michigan is expected to have $1.7 billion more to spend in fiscal year 2022 than initially predicted in May 2021.

Michigan State Capitol. Michigan budget experts are now estimating a much more optimistic economic outlook for Fiscal Year (FY) 2021 than was estimated four months ago, thanks largely to federal COVID-19 relief funds. This comes one day after Gov. Gretchen Whitmer and GOP legislative leaders announced that they had agreed to negotiate on federal COVID spending, next year’s budget and pandemic orders. During the year’s final Consensus Revenue ...