Despite a possible mild recession, Michigan’s fiscal experts project a $9.2 billion taxpayer surplus that could trigger a tax cut.
Nonpartisan fiscal agencies project Michigan will gather $32.4 billion in revenue for the 2022-23 fiscal year.
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Gov. Gretchen Whitmer pitched a $74.1 billion budget that would increase state spending by $4.1 billion over the prior year.
Sen. Jim Stamas, R-Midland, said Michigan’s 2009 budget was $48 billion and has grown in 13 years by $26.1 billion.
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