by Liz Gullett | Nov 22, 2024 | Liz Gullett
Revenue from major taxes and net lottery revenue totaled $4.1 billion in October, a 3.5% increase from the prior year. The collections were $7.1 million higher than prior projections. Key Points: General Fund tax collections were $16.7 million less than projected,...
by Liz Gullett | Oct 11, 2024 | Liz Gullett
Last month, major taxes and net lottery revenue came in at $3.7 billion, an increase of 1.7% from September 2023. Additionally, total collections were $106.1 million more than prior estimates, according to the monthly report by the Senate Fiscal Agency. Key Points:...
by Liz Gullett | Aug 16, 2024 | Liz Gullett
Total cash collections from major taxes, penalties and interest, and lottery transfers increased last month from the prior year, totaling $2,962.6 million. However, year-to-date, collections for the current year are down 2.4% from the prior fiscal year, according to...
by Liz Gullett | Jul 26, 2024 | Liz Gullett
The $23 billion education budget was given final approval this week by Governor Gretchen Whitmer. The budget, which is for the upcoming fiscal year beginning on October 1, provides funding for Michigan’s K-12 schools, community colleges, and public universities. K-12...
by Liz Gullett | Jul 26, 2024 | Liz Gullett
This week, Governor Gretchen Whitmer signed the $82.5 billion state budget for the upcoming fiscal year, beginning on October 1. The budget provides funding for state departments and agencies, in addition to the legislature and the executive office. The budget...
