State economists downgraded projections for state GF/GP revenue – a critical source of discretionary funding within the state budget - at last Friday’s Consensus Revenue Estimating Conference. This comes while a number of critical budget issues are still being debated, including competing road funding proposals and federal reforms within Medicaid and safety net programs that will impact future state budgets. These factors mean the Governor’s February budget proposal will need to be scal...| Citizens Research Council of Michigan
In a Nutshell: Paying for Local Community Services The nearly $19 billion in property taxes collected each year funds Michigan’s essential local government services and public schools. And these taxes continue to rise. Since 2013, statewide property taxes have risen an average of four percent year over year. From 2021 to 2022, statewide property tax […]| Citizens Research Council of Michigan
In a Nutshell Michigan House Minority Leader and Speaker-Elect Matt Hall put a jolt into Michigan’s typically quiet November legislative recess with a major new proposal to reallocate revenue to address the state’s crumbling road infrastructure. The proposal seeks to dedicate over $2.7 billion in annual revenue for road repairs without a tax increase by […]| Citizens Research Council of Michigan