Experts Split Over How Much Money State Will Make - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Experts Split Over How Much Money State Will Make

A legislative agency says it expects Michigan's state government to take in more revenue this budget year and next.

The forecast released Thursday by the House Fiscal Agency is more optimistic than one put out last week by its counterpart in the Michigan Senate.

The House agency predicts more tax revenue being generated than it projected in May. The Senate forecast is more pessimistic and predicts less revenue will come in.

State officials will meet Friday and agree on consensus forecast using the two reports along with estimates from Governor Rick Snyder's administration.

The numbers will be used to draft a new state budget starting in October and to revise spending in the current budget.

The legislative fiscal agencies are about $400 million apart in their projections.

6 News Capitol Correspondent Tim Skubick will cover the "Revenue Estimating Conference" and clear up the state's financial picture Friday on 6 News.

Powered by WorldNow

2820 East Saginaw Street,
Lansing, MI  48912

Telephone: 517.372.8282
Fax: 517.372.1507

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Lansing, Inc. A Media General Company.