Michigan’s revenue fell by nearly $900 million compared to January forecast because of the 2023 tax cuts according to the state officials on Friday, leaving lawmakers with less money to spend as they work toward the state’s next budget.
Michigan Attorney General Dana Nessel issued a legal opinion Tuesday afternoon that clarifies a 2015 law that would trigger the state's income tax rate to drop if certain fiscal parameters are met.
Michigan Attorney General Dana Nessel issued a legal opinion Tuesday afternoon that clarifies a 2015 law that would trigger the state's income tax rate to drop if certain fiscal parameters are met.