Detroit's tax revenue projections surpass pre-pandemic levels
Income taxes — despite losses due to remote work — and internet gambling revenue are on the rise, giving the Motor City's general fund a boost.
Source: bondbuyer.com
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Michigan revenues are $5.8B higher than previously forecast
Michigan's two main funds will take in billions more that previously forecast, economists said Friday, again delivering good news to Gov. Gretchen Whitmer and lawmakers before a budget cycle.
Source: fox17online.com
Michigan revenues are $5.8B higher than previously forecast
Michigan's two main funds will take in billions more that previously forecast, economists said Friday, again delivering good news to Gov. Gretchen Whitmer and lawmakers before a budget cycle.
Source: wxyz.com
Michigan tax revenue forecast up again, despite grim pandemic predictions
Michigan is expected to have $1.7 billion more to spend in fiscal year 2022 than initially predicted in May 2021.
Source: detroitnews.com
Federal stimulus, more online shopping means $1.2B more tax revenue for Michigan than expected
Federal stimulus, more online shopping means $1.2B more tax revenue for Michigan than expected Updated Jan 16, 2021; Facebook Share Federal funding and a big boost from online consumer spending filled Michigan’s coffers with more money than initially expected — but experts warned the deep economic impacts of the COVID-19 pandemic will still likely be felt for years. The Michigan Department of Treasury and the state House and Senate fiscal agencies projected Friday that the state will collect $24.3 billion in revenue for the general and school aid funds, up $1.2 billion from estimates mad...
Source: mlive.com