Blog tagged as Economic health

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.

Who would have guessed back in 2015 that the income tax reduction trigger crafted to give Republicans political cover during the gas tax hike vote would ever be activated?

(Source: MIRS.news, Published 1/18/23) Gov. Gretchen Whitmer told a manufacturing panel at the World Economic Forum Annual Meeting Wednesday in Davos, Switzerland, that Michigan is open for business.

(Source: MIRS.news, Published 1/17/23) The Michigan Economic Development Corporation Executive Committee approved a new four-year contract for CEO Quentin Messer, Jr., which keeps him in the position until at least 2026, the last year of the Whitmer administration.

Personal income is on the rise and projected to be nearly 30% higher by 2025, but inflation will reduce actual growth to near nothing, according to projections by Gabriel Ehrlich and Daniil Manaenkov during Friday’s Consensus Revenue Estimating Conference.