MI | State Treasurer Rachael Eubanks, Senate Fiscal Agency Director Kathryn Summers and House Fiscal Agency Director Mary Ann Cleary today reached consensus on revised economic and revenue figures for the remainder of Fiscal Year (FY) 2023 and for the upcoming 2024 and 2025 fiscal years.
“Michigan’s economy continues to show signs of growth and resilience,” State Treasurer Rachael Eubanks said. “Today’s revenue forecast reflects the tax relief recently provided to retirees and working families. Strong revenue growth has allowed us to provide sustainable tax revenue relief while also maintaining and investing in critical programs to create an environment where individuals and businesses can thrive.”