October Revenue Grows Year-Over-Year

October Revenue Grows Year-Over-Year

Michigan’s major taxes and net lottery revenue totaled $4.3 billion last month, an increase of 5.9% from October 2024. Collections were $40.1 million above May’s Consensus Revenue Estimating Conference projections, according to the latest report by the Senate Fiscal...
Last Week on the MLC Blog

Last Week on the MLC Blog

Over the past week, we covered these topics on the MLC Blog… After 20 years in politics and government, MLC Partner Rudy Hobbs shared the lessons that have stood the test of time. From cycling since age 5 to leading as Detroit Caucus Chair, Representative Stephanie...
Committee Reports Tax Credit

Committee Reports Tax Credit

Legislation allowing individuals who invest in qualifying Michigan-based businesses to claim an income tax credit was reported by the House Finance Committee this week and referred to the House Rules Committee for consideration. Key Points: House Bill 4816 was...
September Revenue Increases Slightly

September Revenue Increases Slightly

Michigan’s major taxes and net lottery revenue totaled $3.8 billion last month, an increase of 0.6% from September 2024. Despite the slight year-over-year growth, collections were approximately $191.8 million less than May 2025 consensus revenue projections. Key...
Last Week on the MLC Blog

Last Week on the MLC Blog

Over the past week, we covered these topics on the MLC Blog… Governor Whitmer signed the state budget for the 2025-2026 Fiscal Year, including $29.8 billion to continue core Medicaid services, $1.8 billion to continue support for community and behavioral health...