Michigan tax revenue

8:21 pm
Sun June 8, 2014

New Budget Agreements Include More Money for Higher Education, Public Safety

Lead in text: 
New spending targets reflect revenue projections showing less money than originally expected for the state
LANSING, MI -- The Michigan Legislature is running out of time to secure long-term funding for crumbling roads and complete budgets for the upcoming fiscal year by their self-imposed deadline of early June.
11:56 am
Thu May 15, 2014

Michigan Revenue Projections Down Over Next Three Years

Lead in text: 
Lawmakers will have to revise budgets adopted by each chamber
LANSING, MI -- Michigan tax collections stagnated this year even as the economy grew, according to new projections, leading the state to slash revenue estimates by significant margins as lawmakers work to finalize 2015 budgets by early June. The non-partisan House and Senate fiscal agencies, along with the Snyder administration, met Thursday and reduced current-year revenue estimates by $317 million.
6:59 am
Thu May 16, 2013

Economists say Michigan's job and tax revenues improve

Lead in text: 
Governor Snyder wants one-time infusion of revenue to go into state's rainy day fund or to pay for road and bridge repairs
Lansing - Michigan is forecast to reach a pre-recession jobless rate of 6.9 percent in three years, while the state is reaping a multimillion-dollar tax windfall from investors who sold off stock last year in anticipation of higher tax rates.
8:20 pm
Tue May 14, 2013

Snyder says state should be cautious with surplus funds

Lead in text: 
Total revenues will still be slightly lower in 2012-13 than they were in 2011-12
LANSING - Gov. Rick Snyder said Tuesday the state should be cautious in allocating hundreds of millions of dollars in unanticipated revenue the Legislature's two fiscal agencies are projecting for the 2012-13 fiscal year that ends Sept. 30. "We need to be fiscally responsible about it," Snyder said at the Capitol.
7:41 am
Tue May 14, 2013

State Senate report shows increase in state revenue

Lead in text: 
House Fiscal Agency hasn't released its projections. Treasury Department will give its report on Wednesday
LANSING - Michigan's Senate Fiscal Agency is projecting continued moderate growth for Michigan's economy but hundreds of millions of dollars more in tax revenues than officials projected in January. If accurate, the projections released late Monday are relatively good news for Gov. Rick Snyder and state lawmakers as they seek to complete the 2013-14 budget by June 1.

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