Mackinac Center for Public Policy: Budget Based on False Revenue Assumption
June 29, 2023
June 29, 2023
MIDLAND, Michigan, June 29 (TNSgov) -- The Mackinac Center for Public Policy issued the following news release:
Michigan lawmakers are passing a budget that spends $500 million that they will not have. Earlier this year, a 2015 law triggered a personal income tax rate reduction from 4.25% to 4.05%. Attorney General Nessel announced that this would be a temporary reduction and rates would increase next year.
Below is a statement from James M. Hohman, director of fiscal p . . .
Michigan lawmakers are passing a budget that spends $500 million that they will not have. Earlier this year, a 2015 law triggered a personal income tax rate reduction from 4.25% to 4.05%. Attorney General Nessel announced that this would be a temporary reduction and rates would increase next year.
Below is a statement from James M. Hohman, director of fiscal p . . .