Michigan revenues in February exceed forecast - WNEM TV 5

Michigan revenues in February exceed forecast

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The state Senate Fiscal Agency says Michigan's revenues in February continued to come in above forecast.

The Detroit Free Press reports that revenues that went to the state's general fund were $45 million higher in February than what officials forecast in January. Collections to the School Aid Fund were about $200,000 lower than forecast.

So far this year, the agency says general fund collections are $82.6 million higher than the January forecast, and School Aid Fund collections are $1.9 million lower than forecast. Sales tax collections, meanwhile, are up 1.1 percent so far from a year ago.

The Legislature is working on the 2013-14 budget that Gov. Rick Snyder presented in February.

Copyright 2013 Associated Press. All rights reserved.

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