by Liz Gullett | Oct 10, 2025 | Liz Gullett
Governor Whitmer signed legislation creating a 24% wholesale tax on marijuana. This was part of the overall budget negotiations this year and accounts for a portion of additional funding for roads and bridges. The new tax is in addition to the 10% excise tax and 6%...
by Liz Gullett | Aug 15, 2025 | Liz Gullett
The Senate Fiscal Agency released July’s revenue report, outlining collections and tax receipts for the month. Most notably, major taxes and net lotter revenue declined 1.6% from July 2024, totaling $2.9 billion. Additionally, that number was around $130.3 million...
by Liz Gullett | Jul 18, 2025 | Liz Gullett
Michigan’s major taxes and net lottery revenue totaled $3.3 billion last month, an increase of 8.3% from June 2024. The June 2025 collections came in about $64 million above prior projections, according to the latest report by the nonpartisan Senate Fiscal Agency. Key...
by Liz Gullett | Jun 13, 2025 | Liz Gullett
Major taxes and net lottery revenue in May 2025 totaled $2.6 billion, according to the monthly report by the Senate Fiscal Agency. While the total was a 1.5% decline from May 2024, last month’s revenue was about $42 million more than previous estimates. Highlights...
by Liz Gullett | Apr 18, 2025 | Liz Gullett
Major taxes and net lottery revenue totaled $2 billion last month, an increase of 28.6% from the prior year but $173.7 million less than previous estimates, according to the March 2025 revenue report by the Senate Fiscal Agency. Highlights: General Fund collections...
