Michigan Economic Bulletin
A monthly review of economic indicators, state revenue receipts, and appropriations and tax developments. Each issue contains current good and bad economic news, an article of special focus, a list of publications of interest, and economic news from the state capitol; in alternating quarters, a special insert presents a general economic forecast or an analysis of economic data for each of the seven Michigan regions.
Written by Robert J. Kleine, M.B.A., Vice President and Senior Economist and Laurie A. Cummings, M.S., Senior Consultant for Economic and Education Policy
- States Cut Taxes in FY 1996–97 and Engler Splits DMB Functions
January - States’ Economic Growth Linked to Government Employment and Engler Announced Road Repairs and Road Privatization Has Not Paid Off and State Closes Year with Surplus and State Bond Rating Improves
February - 1997 County Population and Lawmakers Defeat Diesel Fuel Hike and Motorists to Receive Insurance Rebate
March - Income Inequity Increases and Tax Hikes May Get Tougher and State Debates School and Local Government Funding
April - Unemployment Picture Improves Statewide and Senate Passes Income Tax Cut and Supermajority Resolution Fails and Funding Guarantee Reaches House Floor
May - Not All Good-Paying Jobs Require a Degree and “Supermajority” Bills Introduced and Senate Passes Revenue Sharing Bill
June - Future Tax-System Challenges and Income Tax Cuts on Hold and Lawmakers pass Personal Property Tax Exemption
July - A New Look at Poverty Data and Attorney General Nixes Super-Majority
August - Gaming Sector Remains Strong
September - State Budget May Fare Better than Most in Future Years and SBT May become More User Friendly and Medical Income Tax Cut and Two-Year School Budget Passes
October - IRS Released Michigan Income Tax Data and Welfare Caseload Drops and 37 Colleges Kept Tuition to Inflation Rate
November - Census Bureau Releases Median Household Income Data and Income Tax Credit Approved and Revenue-Sharing Agreement Reached and Four New Indian Casinos Approved
December