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Michigan State Capitol.
Michigan budget experts are now estimating a much more optimistic economic outlook for Fiscal Year (FY) 2021 than was estimated four months ago, thanks largely to federal COVID-19 relief funds.
This comes one day after Gov. Gretchen Whitmer and GOP legislative leaders announced that they had agreed to negotiate on federal COVID spending, next year’s budget and pandemic orders.
During the year’s final Consensus Revenue Estimating Conference (CREC) on Friday, top officials from the Treasury Department and the nonpartisan House and Senate fiscal agencies agreed to revised economic and revenue forecasts that show a significant rebound for Michigan’s economy. ....

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