Stamas comments on economic and revenue outlooks
LANSING, Mich. — After state fiscal and economic leaders at Friday’s annual January Consensus Revenue Estimating Conference made their economic and state tax revenue projections for the next three years, Senate Appropriations Committee Chairman Jim Stamas, R-Midland, issued the following statement:
“It’s great news for Michigan families, workers and job creators that our state economy is growing and is expected to continue to grow.
“With smart budgeting and positive reforms, we’ve transformed Michigan from a state with annual budget shortfalls and high unemployment to a place where workers are in demand and we can regularly increase our investments in important priorities like education.
“Our current budget surplus is not a jackpot for new spending. We expect to face new budget pressures in the coming fiscal year. Additionally, we continue to talk with the governor about the political vetoes she made in critical areas such as funding for local roads and job training.
“This economic and fiscal forecast illustrates that we must remain diligent in how we use taxpayer dollars to meet our challenges and continue to build a brighter future for all Michigan families.”