LANSING - A record-breaking $76 billion state budget, with $15.3 billion coming from the General Fund, rolled out of a House-Senate conference committee early Friday morning and through both chambers of the Legislature – fueled by leftover emergency federal dollars and better-than-expected income and sales tax revenues. Around $7 billion ($3.8 General Fund, $3.2 billion
LANSING - Michigan officials will have some more money to work with through the remainder of the 2018-19 fiscal year and for the upcoming 2019-20 fiscal year, but not much more, the state's Revenue Estimating Conference decided on Friday. But that additional revenue growth will be the product of slowing overall economic growth in both
LANSING - The Michigan House and Senate are well on their way to completing their versions of the budget, and there are some striking differences between the two. The biggest one is that while the House budget bills spend $164.6 million less General Fund than Governor Rick Snyder, the Senate budgets are just $9.4 million under
LANSING - The revenue estimate for the current and coming fiscal years signals a budget that will likely see few, if any, major changes from how it looks now. Revenues to the state's General and School Aid funds will see small growth this fiscal year and next, the Consensus Revenue Estimating Conference determined Thursday, with
LANSING - The Michigan Senate on Wednesday passed and the Michigan House concurred in changes made to a bill that would extend the Health Insurance Claims Assessment through 2020 in a significant move to shore up the General Fund and especially Medicaid funding. The only change to HB 5105 was the date change of 2020
