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State of Michigan expected to take in more revenue
Posted: 01.10.2013 at 4:45 PM
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LANSING (AP) -- 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 Gov. 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.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

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