LANSING, Mich. — Senate Republican Leader Aric Nesbitt, R-Porter Township, issued the following statement after state fiscal and economic leaders made their economic and state tax revenue projections — including a more than $1.3 billion general fund surplus — during Friday’s annual January Consensus Revenue Estimating Conference:
“Despite Gov. Whitmer and Lansing Democrats blowing through the state’s $9.2 billion budget surplus in record time, the state is expected to once again have a revenue surplus of over $1 billion. While the state’s coffers continue to bulge, many Michiganders continue to struggle against the rising costs of living. These revenue projections confirm the state has enough money to prevent the $700 million income tax hike the governor and her Democrats in the Capitol are determined to impose.
“As the Legislature moves forward in the annual budget process, it is important that we focus our efforts on responsible spending policies, including needed investments in education, public safety, and transformational infrastructure, as well as putting money back in the pockets of taxpayers. We also know Michiganders cannot afford to continue shoveling millions into pet projects, unsustainable government bureaucracy, and global corporate welfare like Democrats did in 2023.”