Page 2 - David Zin News Today

View Comments Lansing — Michigan has about $2 billion more in revenue than initially expected for this fiscal year, state fiscal leaders concluded Friday, thanks in large part to federal stimulus dollars and increased consumer spending on goods.  Budget experts also adjusted expected revenue for the fiscal year 2022 budget upwards from January estimates by $1.5 billion at the Consensus Revenue Estimating Conference. "There has just been an incredible amount of federal income support over th...

LANSING – The coronavirus pandemic could permanently change the U.S. and Michigan economies in ways that will have unknown impacts on future state tax revenues, economists told state officials at a Friday revenue estimating conference.The pandemic is accelerating the shift from brick-and-mortar retail sales to online sales, which negatively impacts employment.It is depressing business travel, which impacts car rentals and auto sales, and that could particularly impact Michigan if the

The shift to online meetings, if it continues beyond the pandemic, would hurt car rentals and auto sales. The auto industry is still key in Michigan.