LANSING (AP) – Michigan’s two main funds will rake in billions more dollars than previously forecast, economists said Friday, once again providing good news for Governor Gretchen Whitmer and lawmakers before the budget cycle.
Total additional tax income for the past, current and next fiscal year was $5.8 billion more than expected from last spring.
The Democratic governor in the coming weeks will present a spending plan to the Republican-led Legislature, which focuses on supporting education, clean water and jobs, budget director Christopher Harkins said. do.
“Many of these receipts are one-time. So we’ll need to make sure we’re centralizing our spending and allocation plans accordingly,” he said.
Fiscal experts attribute the latest surplus largely to the fact that federal pandemic relief aid has helped boost incomes and consumer spending despite COVID-19.
https://www.themorningsun.com/2022/01/14/michigan-revenues-higher-than-expected/ Michigan revenue is $5.8 billion higher than previously forecast – The Morning Sun