Blog categorized as Budget

Gov. Gretchen Whitmer said Monday Michiganders can expect $180 "inflation relief checks" as part of her broad tax relief package, a state expense that is expected to pull $800 million from the General Fund.

Legislative Democrats began movement Wednesday on what ultimately will be one large income tax cut/shift bill that is planned to include broader retirement income exemptions

Michigan's income tax rate may automatically drop from 4.25% to 4.05% this year if final year-end revenues come in as projected, based on information discussed Friday by state economists.

Michigan’s Congressional members Thursday touted the U.S. Senate’s passage of the year-end, $1.7 trillion omnibus spending bill, which includes $342 million for Michigan projects.

Although term-limited Sen. Wayne A. Schmidt (R-Traverse City) does believe in Christmas miracles, he highly doubts his legislation to gradually increase Michigan's Earned Income Tax Credit (EITC) to 30% will see the Governor's desk before 2022 concludes.