May Revenue Increases

May Revenue Increases

Michigan’s major taxes and net lottery revenue increased last month by 3.8%, totaling $2.7 billion. Projections for the month were approximately $368.4 million above the estimate adopted at the May Consensus Revenue Estimating Conference. Key Points: General Fund...
Revenue Estimating Conference Held

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...
May Revenue Increases

Monthly Revenue Declines Year Over Year

According to the latest report by the Senate Fiscal Agency, March’s major taxes and net lottery revenue declined 11% from the prior year, totaling $1.8 billion. Additionally, the total collection was $18.1 million below January’s Consensus Revenue Estimating...
May 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...
May 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...