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...
by Liz Gullett | Apr 19, 2024 | Liz Gullett
Last month, major taxes and net lottery revenue declined 24.7% from the prior year, coming in at $1.6 billion. Additionally, collections were roughly $169.6 million below prior projections from the consensus revenue estimating conference held earlier this year. Key...
by Liz Gullett | Mar 15, 2024 | Liz Gullett
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...
