State Income Tax Revenue Higher Than Expected

By: Associated Press
By: Associated Press

Income tax revenue is coming in higher than expected in Michigan, a sign that more people are working or earning more money.
Gov. Jennifer Granholm said Monday that the state general fund is expected to have about $100 million more than state economists estimated in May when the books are closed on the budget year that ended Sept. 30.
She calls the $100 million "a significant chunk of money," although it's only a tiny percentage of the $7.8 billion general fund. The state uses that fund to pays for everything from prisons to food inspections and health care for low-income residents.
Although income tax revenue is up, money from the state's main business tax is lower than expected.
Revenue for the school aid fund is running slightly above expectations. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

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