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.
(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.