Last month, Michigan’s major taxes and net lottery revenue totaled $3 billion, which was 6.7% higher than August 2024 collections. Last month’s collections were $80.5 million higher than the projections from May’s Consensus Revenue Estimating Conference.
Key Points:
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- General Fund collections were $31 million less than projections.
- Year-to-date collections are $84 million below estimates.
- School Aid Fund collections came in $99.7 million higher than prior estimates.
- Year-to-date collections are $96.1 million more than expected.
- Net income tax revenue was $1 billion, a 7% increase from the prior year.
- Sales tax receipts totaled $965.5 million, a 0.7% decline from August 2024.
- Use tax collections grew 18% from the prior year, totaling $272.9 million.
- Sales tax collections from motor vehicle sales totaled $113.2 million, which is 22% lower than the August 202, which was the highest level on record.
- General Fund collections were $31 million less than projections.
Please click here to view the full August 2025 revenue report by the nonpartisan Senate Fiscal Agency.
