Michigan’s major tax collections for July 2026 totaled $3,078.3 million, an increase of $165.8 million from the prior year. Additionally, year-to-date collections are 3.3% higher than the prior fiscal year, according to the latest report from the House Fiscal Agency.
Key Points:
-
- General Fund General Purpose revenue totaled $1,557.8 million last month, which was $116.5 million above projections.
- Year-to-date collections are $455.7 million above projections.
- School Aid Fund revenue was $1,358.8 million in July, which was $74 million more than prior estimates.
- Year-to-date collections are $220.7 million above estimates.
- Net income tax revenue totaled $1,204.9 million.
- Consumption tax revenue was $1,267.6 million, which was $198.6 million lower than in the prior fiscal year on a year-to-date basis.
- Sales tax collections were 4.6% less than the prior year, while use tax collections were 13.5% higher than last year.
- General Fund General Purpose revenue totaled $1,557.8 million last month, which was $116.5 million above projections.
Click here to view the full report.
