State government collected more tax revenue in April than expected, but the good news isn't likely to last once numbers for May come in.
The state of Michigan brought in 19 percent more revenue last month than a year ago -- breaking a streak of five straight months where revenues fell short of year-ago levels.
But analysts attribute the strong month to the timing of when annual income and business taxes are paid, NOT that more revenue is actually being generated in the long run.
The state is facing an estimated 700 million-dollar shortfall in this budget year.
Governor Granholm and lawmakers have resolved some of the deficit, but the problem is growing because tax revenues have fallen short of projections in recent months.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.