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Experts: Michigan s economy is strong and stable

The state’s top financial experts and economic forecasters had mostly good news for Michigan heading into the new year, predicting a $418 million surplus for the current fiscal year and a relatively stable economy.

United statesBen gielczykGretchen whitmerJoe tateDaniil manaenkovRachael eubanksGabriel ehrlichUniversity of michiganHouse fiscal agencyTreasurer rachael eubanksConsensus revenue estimating conferenceBudget director jen floodEarned income tax creditSpeaker joe tate

Michigan economy: State should avoid recession, but inflation has eaten up wage gains

This is the third consecutive year in which personal income is projected to shrink in Michigan, relative to inflation, the Senate Fiscal Agency says.

United statesGretchen whitmerStacey laroucheSenate fiscal agencyRainy day fundSchool aid fundHouse fiscal agencyMichigan courtEarned income tax creditSchool aidDirector jen floodHouse fiscal agencyGretchen whitmerEconomic growthPersonal income

Michigan s revenue forecast stabilizes after wild post-pandemic swings

Budget Director Jen Flood said the February budget will focus on reducing costs for Michigan families and supporting education and economic growth.

United statesMary ann clearySarah lightnerGretchen whitmerKathryn batesonRachael eubanksJim stansellSenate fiscal agencyHouse fiscal agencySchool aid fundHouse appropriations committeeDirector jen floodFree pressSenate fiscalTreasurer rachael eubanksGretchen whitmer

Michigan revenue stabilizes after huge surpluses | Crain s Detroit Business

Michigan revenue stabilizes after huge surpluses | Crain s Detroit Business
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Rachael eubanksGretchen whitmerDepartment of treasurySenate fiscal agencyHouse fiscal agencySenate minority leader aric nesbittDemocratic led legislatureTreasurer rachael eubanksJen floodMinority leader aric nesbittVan buren countyPorter township

2024 s first tax hike? | News, Sports, Jobs

Senate Bill 648 was introduced Nov. 9 with little fanfare, but it deserves a lot of attention for the size and scope of the revenue grabs and unintended consequ

United statesMichigan state policeGreat lakesNorth carolinaGrand valleyGretchen whitmerKevin callisonMichael lafaiveValley state universityHouse fiscal agencySenate billHoosier stateGreat lakes stateGrand valley state universityHigher taxes reduce adultMorey fiscal policy initiative