Monthly Revenue Increases Year-Over-Year

Monthly Revenue Increases Year-Over-Year

The Senate Fiscal Agency released the January 2023 revenue report, which showed last month’s tax and lottery revenue totaled $3.2 billion, an increase of 8.8% from the prior year. Key Points: Tax revenue was $42.1 million below the projected amount, due to...
State Revenue Estimates Revised Up

State Revenue Estimates Revised Up

Today, the directors of the House and Senate Fiscal Agencies came together with State Treasurer Rachael Eubanks and State Budget Director Jen Flood to reach a consensus for projected state revenue for the upcoming fiscal year. At the biannual Consensus Revenue...
Fiscal Year Revenue Declines

Fiscal Year Revenue Declines

The House Fiscal Agency released its latest monthly revenue report, outlining the collections for the month. Additionally, as October marked the end of the 2022-2023 Fiscal Year, the report laid out the collections for the fiscal year and how they lined up to the...
Looking Ahead to the Week of May 13 – 19, 2023

Looking Ahead to the Week of May 13 – 19, 2023

The House and Senate are scheduled to hold their typical Tuesday – Thursday session schedule. The Michigan Public Service Commission will hold a regular commission meeting on Thursday, May 18 from 1:00 – 2:00 p.m. For more information, please click here. The Consensus...
Fiscal Year Revenue Declines

March Revenue Declines from Prior Year

In a potential sign of a slowing economy, March revenue numbers came in below the prior year and less than previous projections. Major taxes and net lottery revenue was $2.1 billion for March 2023, down 21.5% from the prior year and $104.5 million below Senate Fiscal...