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...
Consumer Affordability Passes

Consumer Affordability Passes

This week, the Michigan House passed a package of bills aimed at ensuring streaming services remain affordable for Michigan residents. The proposal ensures franchise fees can’t be added to a customer’s bill, which the Michigan Public Service Commission agrees...
Tuition Reimbursement Proposal Introduced

Tuition Reimbursement Proposal Introduced

Members of the House Democratic Caucus introduced a package of bills aiming to make higher education more affordable and incentivize graduates to stay and work in Michigan. Studies show that between 30%-40% of students who graduate from Michigan colleges leave the...
House Votes to Repeal Property Tax

House Votes to Repeal Property Tax

The House voted along near party lines to pass major reforms to various taxes in Michigan. Nicknamed HELP US (House Effectively Lowering Property Taxes and Utility Payments), the sponsors state their plan will cut nearly $5 billion in property taxes and reduce utility...
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...