March’s revenue earmarked for the General Fund (GF) and School Aid Fund (SAF) totaled $1.4 billion, an increase of 17.5% from the prior year. The total revenue for the month was $43.8 million higher than prior estimates. GF collections were $35.4 million above estimates and the SAF revenue was also higher by $12 million. Net income tax revenue came in 1.6% above the prior year and $45.5 million higher than estimated.
Highlights of the monthly report by the Senate Fiscal Agency include:
To read the full report, please click here.
Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.