LANSING, MI (AP)-- Economists project Michigan’s tax revenues this fiscal year will plummet between $3.1 billion and $3.6 billion below prior estimates due to the coronavirus pandemic.
The numbers were released Thursday before a Friday meeting at which legislative experts and Gov. Gretchen Whitmer’s administration will try to get a handle on the budget outlook two months after the crisis hit the state.
One-third of the workforce has filed for unemployment benefits at a time schools and businesses are closed and travel is restricted to curb the spread of COVID-19. Whitmer is pushing Congress to pass another relief package.
