Insider Intelligence
Governor Signs Education Budget
On Thursday, Governor Whitmer signed the education budget for the upcoming fiscal year. The budget makes several large investments in education, including the highest per-pupil funding and providing free breakfast and lunch for all public school students. Higher...
Unemployment Rate Hits Record Low
For only the third time since the 1970s, Michigan’s unemployment rate last month dropped below 4%. The June 2023 rate declined by one-tenth of a percentage point to 3.6%. Key Points: The June rate was the lowest it’s been in 23 years. The labor force grew by 23,000...
Governor Signs Voting Reforms
This week, Governor Whitmer signed legislation implementing the voting reforms within Ballot Proposal 22-2. While the majority of Michigan voters approved the reforms during last year’s general election, it was up to the House and Senate to pass legislation...
Michigan’s Credit Ratings Reaffirmed
All three main international ratings agencies have reaffirmed Michigan’s credit rating this week. Moody’s Investors Service: Reaffirmed their Aa1 rating with a “stable outlook.” They noted the state has effective financial forecast practices, budgetary reserves at...
Governor Signs Housing, Economic Development Bills
Governor Whitmer signed legislation into law, aimed at providing more affordable housing statewide and transforming vacant land into productive space. Key Points: Allows tax revenues captured through local brownfield redevelopment authorities to fund affordable...
Looking Ahead to the Week of July 22 – 28, 2023
The House and Senate will continue their summer recess. Neither session nor committees are scheduled.
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