Michigan tax revenue

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.
7:16 am
Mon April 8, 2013

Billions of tax dollars go uncollected in Michigan

Lead in text: 
Sales tax has biggest deficit of any tax category
Michigan has written off $2.2 billion in delinquent taxes since 2000 and is chasing billions more from 492,000 delinquent accounts. Treasury Department officials say the delinquencies are 3 percent or less of all taxes due to the state.