© 2024 Interlochen
CLASSICAL IPR | 88.7 FM Interlochen | 94.7 FM Traverse City | 88.5 FM Mackinaw City IPR NEWS | 91.5 FM Traverse City | 90.1 FM Harbor Springs/Petoskey | 89.7 FM Manistee/Ludington
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

The state's revenues are lower than expected. Here's why

It's Just Politics with Zoe Clark and Rick Pluta

The state’s revenues are going to be lower than expected this year. Zoe Clark and RickPluta, Michigan Radio’sIt’s Just Politics team, discuss why that is, and what it means for the state’s hot-button issues.

Credit It's Just Politics with Zoe Clark and Rick Pluta

Pluta said the economy is recovering, but not as quickly as anticipated.

“And so what we’re seeing is, in particular, corporate income tax and state sales tax revenues are coming in less than expected,” he said.

This is happening as “some big new demands are being made on the state,” Pluta said, those being infrastructure issues and Detroit Public Schools deficits.

The duo also talks about the Consensus Revenue Estimating Conference taking place in Lansing tomorrow. There the state will come to an agreement on how much money it actually has.

Zoe Clark and Rick Pluta from It's Just Politics joined us on Stateside.

Copyright 2021 Michigan Radio. To see more, visit Michigan Radio.

Read more about the Stateside.