January Revenue Increases

January Revenue Increases

Michigan’s major taxes and net lottery revenue in January 2026 increased 16.7% from the prior year, totaling $3.5 billion. Total collections were approximately $113 million more than prior estimates. Key Points: General Fund tax collections came in $30.7 million...
January Revenue Increases

Revenue Estimating Conference Held

Today, the directors of the House and Senate Fiscal Agencies, State Treasurer Rachael Eubanks, and State Budget Director Jen Flood came together to reach a consensus on projected state revenue for the upcoming fiscal year. At the biannual Consensus Revenue Estimating...
AG Issues Opinion on Clawing Back State Funding

AG Issues Opinion on Clawing Back State Funding

This week, Attorney General Dana Nessel issued a formal opinion concluding that a “disapproval” mechanism, which allows one legislative committee to unilaterally terminate funding previously appropriated by the full Legislature and the Governor, is unconstitutional....