Blog categorized as Economy

The state’s revenue numbers aren’t dropping jaws this time around, but projections released Friday have Michigan’s General Fund and School Aid Fund increasing $417.9 million above last May’s projections for the current fiscal year and $146.9 million for Fiscal Year (FY) 2025.

The country’s inflation rate in 2023 dropped back to 3.1% after 7% and 6.5% climbs in 2021 and 2022, respectively, but the issue is still top-of-mind for Michigan voters among 19 different categories, according to recent polling by a left-leaning think tank.

Inflation rates have been a talking point at dinner tables across the state, but MIRS was able to talk turkey on how the numbers mashed out for your Thanksgiving dinner.

Dawn Crandall of the Home Builders Association of Michigan describes the state's housing crisis as ongoing, with supply being limited, demand remaining really high and individuals seeking workforce housing getting "bumped even further down the housing chain."

Projected reimbursement costs for care following a catastrophic car accident could still be contributing to auto insurers charging higher premiums, says one national insurance industry researcher.