February Revenue Declines

February Revenue Declines

Major tax and net lottery revenue declined in February 2024 by 23.8% from February 2023. Additionally, last month’s collections were $152.1 million below prior projections made at the biannual Consensus Revenue Estimating Conference in January. Key Points: General...
Governor Proposes Increased Education Funding

Governor Proposes Increased Education Funding

This week, Governor Gretchen Whitmer presented her budget recommendations for the next fiscal year, beginning on October 1. One of the key areas of the budget is always education and this year was no exception. The governor referred to it as a “Michigan Guarantee”...
Governor Presents Budget Recommendations

Governor Presents Budget Recommendations

Today, at Heritage Hall within the State Capitol, Governor Gretchen Whitmer presented her executive budget recommendations for the upcoming 2024 – 2025 Fiscal Year. Joined by Lt. Governor Garlin Gilchrist, State Budget Director Jen Flood, and Deputy State Budget...
Governor Announces Budget Presentation

Governor Announces Budget Presentation

This week, Governor Whitmer’s office announced the executive budget recommendations will be presented to the legislature on Wednesday, February 7, at 11 a.m. Key Points: The recommendations will contain proposed spending for the 2025 Fiscal Year, beginning on October...