House Dems look to continue to lower costs, spur positive economic trends, wisely plan budget investments
LANSING, Mich., Jan. 12, 2024 — The Consensus Revenue Estimating Conference convened today at the state Capitol. Biannually, the panel meets to discuss the U.S. and Michigan economies and determine the state government revenue to inform the next state budget. The panel reported an overall positive economic forecast for Michigan in the coming year, with a combined increase in revenue for the General Fund and School Aid Fund of nearly $420 million compared to estimates from last May.
“Michigan’s economic outlook is stable and healthy,” said Speaker of the House Joe Tate (D-Detroit). “Today’s revenue estimating conference confirmed that the work done by the Democratic majority has kept our economy moving in the right direction. We crafted a responsible plan for Michigan that allowed us to put money back into the hands of working families and return thousands of hard-earned dollars to older adults without sacrificing programs and services that benefit millions of residents.
“Our focus for this budget year will again be on maximizing dollars to the benefit of our constituents. Michiganders work hard, and they expect government to work even harder to prioritize their needs and improve our state. I look forward to working with my colleagues in the House and Senate, and with Governor Whitmer, to continue to advance our goal of putting people first.”