Tag Archives: surplus

Michigan currently has a projected billion dollar revenue surplus from last year through the next fiscal year. And there are moves underway to give at least a lot of it back to taxpayers. The Senate Finance Committee in Lansing on Wednesday approved one proposal that cuts the state’s income tax …

Michigan is the comeback state. That was the tagline for Governor Rick Snyder as he delivered his fourth State of the State Address last night before a joint session of the House and Senate. During his message, the governor talked about the state’s budget surplus and how there could be …

The Michigan House Fiscal Agency is projecting $1.1 billion in additional revenue for the state through 2016. The HFA estimates show the state ending Fiscal Year 2013 with about $373 million more in the General Fund and more than $56 million more in the School Aid Fund. It projects $154 …