Collections from Michigan’s major taxes, penalties and interest, and lottery transfers totaled $3,019.3 million last month. The total was $39.5 million more than August 2025, and fiscal year-to-date collections are 3.1% higher than the prior year. General Fund/General Purpose revenue was $1,319.1 million, which is just over $40 million more than prior estimates. Likewise, School Aid Fund revenue came in higher than projections, totaling $1,567.1 million.
Key Points:
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- Net income tax revenue totaled $1,127.5 million.
- Consumption tax revenue was $1,193.6 million last month, which is $268.7 million lower than the prior year on a year-to-date basis.
- Online gaming revenue totaled $57 million, and collections through August were $112.2 million higher than the prior year.
Please click here to read the full August 2026 revenue update by the House Fiscal Agency.
