GENERIC: money printing

Michigan lawmakers and Gov. Gretchen Whitmer's administration are meeting to get revised tax revenue projections that will be used as they work to enact the next state budget.

Legislative fiscal agencies say revenue estimates for this fiscal year and the next budget year are largely unchanged from January.

Officials will reach a consensus on revised revenue projections Friday after the Whitmer administration releases its own numbers.

The Senate Fiscal Agency estimates combined revenue in the $24 billion school aid and general funds this year is $238 million higher than previously projected but next year is $203 million less than estimated. The House Fiscal Agency projects revenue is up $52 million this year from what was estimated months ago and is up $3 million next year.

Copyright 2019 Associated Press. All rights reserved.

CLICK HERE to download the TV5 app.

Locations

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.