michigan revenue

8:00 am
Thu May 15, 2014

Reports Show Revenues Down in Michigan

Agencies meet with Snyder administration Thursday for bi-annual revenue estimating conference
LANSING, MI -- Michigan lawmakers will have less money to work with than expected as they finish budgets for the upcoming fiscal year. The question is, how much less? The Senate Fiscal Agency, in a report released Wednesday, predicted that current-year revenues will come in $288 million below January estimates.
6:57 am
Wed May 14, 2014

State Agency Reports Michigan Revenue Down From Earlier Projections

Fiscal Agencies for House and Senate along with Snyder administration will settle on a figure for the state's fiscal outlook
LANSING, MI -- Michigan lawmakers debating budget bills for next fiscal year may be hit with some sobering news this week: The state's so-called "surplus" appears to be drying up. Michigan is poised to bring in $422 million less than previously projected during the current fiscal year, according to a new forecast by the non-partisan House Fiscal Agency, which is projecting another $450 million drop below January estimates for 2015.
1:12 pm
Fri January 10, 2014

$971-million budget surplus projected for Michigan

Estimate is $325-million in ongoing revenue with the rest in one-time appropriations
LANSING, MI -- Michigan Gov. Rick Snyder and state lawmakers are looking at $971 million in new one-time and ongoing revenue as they begin work on the next fiscal budget, setting the stage for a debate over possible tax cuts, rebates or new investments.
6:36 am
Fri January 3, 2014

With revenue surplus, state lawmakers consider tax cut

Improving economy has boosted tax revenue
House Speaker Jase Bolger, R-Marshall, said the money belongs to taxpayers, not the state government, and lawmakers should look at tax relief ahead of any spending plans. He wouldn't specify any tax cut plans, except to say cuts should be broad-based and benefit individuals as opposed to corporations.