Michigan’s major taxes and net lottery revenue totaled $3.8 billion last month, an increase of 0.6% from September 2024. Despite the slight year-over-year growth, collections were approximately $191.8 million less than May 2025 consensus revenue projections.
Key Points:
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- General Fund collections were $183 million below projections for the month.
- Fiscal year-to-date collections were $267 million below projections.
- School Aid Fund collections also totaled less than prior estimates.
- Fiscal year-to-date collections are $76.5 million more than estimates.
- Net income tax revenue totaled $1.6 billion, a 0.5% increase from the prior year, but $62.6 million below forecasts.
- Sales tax receipts totaled $919.3 million, a 2.4% increase from the prior year, but $9.9 million less than estimates.
- Use tax collections totaled $206.4 million, a 9.7% decline year-over-year and $25.8 million less than estimates.
- General Fund collections were $183 million below projections for the month.
Please click here to read the full September 2025 revenue report by the Senate Fiscal Agency.
