LANSING, Mich., May 17, 2024 — Economists from the House and Senate fiscal agencies and State Budget Office gathered this morning for the second and final Consensus Revenue Estimating Conference for 2024. The parties voted to adopt a revenue estimate for the state’s fiscal 2024-25 General Fund that exceeds the House-passed budget by $534 million. After the conference, state Rep. Angela Witwer (Delta Township), chair of the House Appropriations Committee, issued the following statement:
“This welcome news is only the latest sign that the smart, responsible budgeting decisions we’ve made over the last year are paying off to the benefit of our residents. Michigan’s economic outlook is healthy and stable because we are putting people and hometowns first. With this additional revenue, we can continue lowering costs for families and ensure more money gets back to local communities to serve the people of Michigan.”