Michigan faces a nearly $900 million revenue loss this year thanks to recent tax changes as lawmakers plan a record $81 billion budget for fiscal year 2024.
At Michigan’s Revenue Estimating Conference, state Treasurer Rachael Eubanks, Senate Fiscal Agency Director Kathryn Summers, and House Fiscal Agency Director Mary Ann Cleary reached a consensus on revised revenue figures for fiscal years 2023, 2024, and 2025.
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