Blog tagged as Budget

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

(Source: MIRS.news, Published 01/25/2023) A year-end supplemental spending bill that is being used to steer $200 million toward what is described as the largest private sector investment in Upper Peninsula history was sent to a joint House-Senate conference committee Wednesday morning.

The state's revenue numbers continue to exceed expectations.

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.