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 12, 2024 | Liz Gullett
June 2024 major taxes and net lottery revenue totaled $3.0 billion, which was $100.5 million more than previous projections. This is attributable to greater-than-expected payments from the Michigan Business Tax, and the Flow-Through Entity Tax, among other higher...
by Liz Gullett | Jun 14, 2024 | Liz Gullett
The House Fiscal Agency released its monthly revenue update, showing cash collections last month increased $145.3 million from the prior year, totaling $2,636 million. General Fund/General Purpose revenue is estimated to be $1,202.9 million, which is $214.5 million...
