Blog tagged as State Revenue

House Speaker Matt Hall said Thursday the estimated $1 billion that the Senate Fiscal Agency says the state will ultimately end Fiscal Year 2024 with, and the extra $1 billion expected in the current FY ‘25 and next year’s FY '26 should be put into roads, bridges and infrastructure.

While declining revenues, a slowing economy, demographic changes and structural deficits may be among the top fiscal issues for states

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 House Fiscal Agency predicted $60 million a year from the I-Casino/Sports Betting law. The law's sponsor had it at $100 million.

(Source: MIRS.news, P 05/20/2022) The Treasury, House Fiscal Agency and Senate Fiscal Agency is projecting Michigan will end 2022 with a $6 billion surplus after meeting today for the Consensus Revenue Estimating Conference.