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Michigan faces $2B budget surplus this year, a $1.5B bump next year

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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 the past 13 months, and that’s played a big role in our forecast, said Jim Stansell, senior economist for the House Fiscal Agency.
The meeting came a day after the GOP-led Legislature and Gov. Gretchen Whitmer agreed to begin working together on the state budget and distribute billions of dollars in federal COVID-19 relief funding, some of which dates back to December. ....

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Whitmer - Gov. Whitmer announces federal funding priorities to transform state by promoting job growth and supporting small business

Whitmer
Gov. Whitmer announces federal funding priorities to transform state by promoting job growth and supporting small business
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Gov. Whitmer announces federal funding priorities to transform state by promoting job growth and supporting small business

LANSING, Mich. - Gov. Gretchen Whitmer announced today her funding priorities as the state readies for more than $18 billion in federal funding available through the American Rescue Plan Act. State government is expected to receive $5.7 billion in additional federal funding, in addition to $4.4 billion directed to local governments and $3.9 billion to K-12 schools. Many Michiganders have already received stimulus checks from the fe ....

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Gov. Whitmer announces federal funding priorities to transform state by promoting job growth and supporting small business | News, Sports, Jobs

Gov. Whitmer announces federal funding priorities to transform state by promoting job growth and supporting small business | News, Sports, Jobs
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Live Stream (2 p.m.): Gov. Whitmer addresses Michigan economy, defeating COVID-19

Gov. Gretchen Whitmer held a live discussion Tuesday to address Michigan’s economy and how to get back on track by defeating COVID-19. ....

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