Revenue and Economic Forecast Archives

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Copies of the reports listed below may be obtained by contacting the office at 517.373.8080 or contacting Kathryn Bateson.

Questions on the following documents should be directed to Jim Stansell, Senior Economist for Economic/Revenue Forecast; Tax Analysis and Revenue Sharing.

Budget Briefings

Key Economic Indicators

Key Economic Indicators - Update [126K],January/February 2003, Volume 9, No. 1, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [175K],May/June 2002, Volume 8, No. 3, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [148K],March/April 2002, Volume 8, No. 2, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [154K], September/October 2001, Volume 7, No. 4, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [153K], May/June 2001, Volume 7, No. 2, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [190K],January/February 2001, Volume 7, No. 1, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [316K], November/December 2000, Volume 6, No. 6, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [259K], September/October, 2000, Volume 6, No. 5 prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist
Key Economic Indicators - Update [1.10K], May 2000, Volume 6, No. 3, prepared by Mitchell E. Bean, Director and Rebecca Ross, Senior Economist.
Key Economic Indicators - Update [249K], March 2000, Volume 6, No. 2, prepared by Mitchell E. Bean, Interim Director and Senior Economist.
Key Economic Indicators - Update [60K],January 2000, Volume 6, No. 1,prepared by Mitchell E. Bean, Interim Director and Senior Economist.
Key Economic Indicators - Update [64K], May 1999, prepared by James J. Hagg, Director and Mitchell E. Bean, Senior Economist
Key Economic Indicators - Update [62K], March 1999, prepared by James J. Hagg, Director and Mitchell E. Bean, Senior Economist
Key Economic Indicators - Update [328K], January 1999, Volume 5, No. 1 prepared by James J. Hagg, Director and Mitchell E. Bean, Senior Economist
Key Economic Indicators - Update [354K], November, 1997, Volume 3, No. 6 prepared by James J. Hagg, Director and Mitchell E. Bean, Senior Economist
Key Economic Indicators - Update [58K], November, 1999, Volume 5, No. 6 prepared by Mitchell E. Bean, Interim Director and Senior Economist

Special Reports

2015

Economic and Revenue Report [173K] September 11, 2015. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
Revenue State Source and Distribution [556K] July 2015. Prepared by Jim Stansell, Senior Economist. This report provides information on the source and distribution of revenue for the State of Michigan, and includes final FY 2013-14 and estimated FY 2014-15 and FY 2015-16 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2015 Consensus Revenue Estimating Conference and revenue detail in the FY 2015-16 enacted budget.
Appropriations: Summary and Analysis, FY 2015-16 [1.10K], July 2015.
Revenue Sharing Payments to Cities, Villages, and Townships [100K], June 3, 2015. This document provides final FY 2013-14 combined payments, enacted FY 2014-15 Constitutional and CVT Revenue Sharing payments, and estimated FY 2015-16 Constitutional and CVT Revenue Sharing payments to cities, villages, and townships based on the May 2015 Consensus Revenue Estimating Conference and Senate Bill 133(S-1) CR-1.
Consensus Revenue Agreement, Final Summary [50K], May 18, 2015. This memo provides a summation of the agreements reached at the May 2015 conference. These consensus estimates will be reviewed or updated at the January 2016 conference.
Consensus Revenue Agreement, Executive Summary [47K], May 15, 2015 . Economic and Revenue Forecasts for Fiscal Years 2015, 2016 and 2017.
Economic Outlook and Revenue Estimates for Michigan FY 2014-15 Through FY 2016-17 [174K], May 13, 2015. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2014 through CY 2017. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year FY 2013-14 and revised estimates for FY 2014-15 through FY 2016-17. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 15, 2015, and will be used to facilitate the consensus estimating process.

2013

Revenue State Source and Distribution [363K], prepared by Jim Stansell, Senior Economist, October 21, 2013. This report provides information on the source and distribution of revenue for the State of Michigan, and includes final FY 2011-12 and estimated FY 2012-13 and FY 2013-14 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2013 Consensus Revenue Estimating Conference and revenue detail in the FY 2013-14 enacted budget.
Economic and Revenue Report [336K], September 18, 2013. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist. A quarterly revenue report for the State of Michigan.
Consensus Revenue Agreement, Final Summary [49K], May 21, 2013. This memo provides a summation of the agreements reached at the May 2013 conference. These consensus estimates will be reviewed or updated at the January 2014 conference.
Consensus Revenue Agreement, Executive Summary [48K], May 15, 2013. Economic and Revenue forecasts for fiscal years 2013, 2014 and 2015.
Economic Outlook and Revenue Estimates for Michigan FY 2012-13 Through FY 2014-15 [182K], May, 2013. Prepared by Jim Stansell, Senior Economist. This report includes a national and State economic forecast for calendar year (CY) 2012 through 2015. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year FY 2011-12 and revised estimates for FY 2012-13 through FY 2014-15. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 15, 2013, and will be used to facilitate the consensus estimating process.
Economic/Revenue Overview and Revenue Monthly Review [127K] January 17, 2013. Prepared by Rebecca Ross.
Consensus Revenue Estimating Conference Overview [53K], January 29, 2013. Presentation given to the House Appropriations Committee by Mary Ann Cleary, House Fiscal Agency Director on the Consensus Revenue Estimating Conference.
Consensus Revenue Agreement, Final Summary [52K], January 16, 2013. This memo provides a summation of the agreements reached at the January 2013 conference. The consensus estimates will be revised or updated at the May 2013 conference.
Consensus Revenue Agreement, Executive Summary [48K], January 11, 2013. Economic and Revenue forecasts for fiscal years 2013, 2014 and 2015.

2012

Revenue Review, November, 2012 [89K], prepared by Mary Ann Cleary, Director and Rebecca Ross, Senior Economist. A quarterly revenue report for the State of Michigan.
Economic/Revenue Overview and Revenue Monthly Review [128K] October 10, 2012. Prepared by Rebecca Ross.
Economic/Revenue Overview and Revenue Monthly Review [128K] September 17, 2012. Prepared by Rebecca Ross.
Revenue Source and Distribution [359K], prepared by Rebecca Ross, July 2012. This report provides information on the source and distribution of revenue for the State of Michigan, and includes estimated FY 2011-12 and FY 2013-14 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2012 Consensus Revenue Estimating Conference and revenue detail in the FY 2012-13 Executive Budget Recommendation.
Economic/Revenue Overview and Revenue Monthly Review [126K] July 10, 2012. Prepared by Rebecca Ross.
Economic/Revenue Overview and Revenue Monthly Review [127K] June 11, 2012. Prepared by Rebecca Ross.
Consensus Revenue Agreement, Final Summary [48K], May 16, 2012. This memo provides a summation of the agreements reached at the May 2012 conference. The consensus estimates will be revised or updated at the January 2013 conference.
Consensus Revenue Agreement, Executive Summary [47K], May 16, 2012. Economic and Revenue forecasts for fiscal years 2012, 2013 and 2014.
Revenue Review, May, 2012 [49K], prepared by Mary Ann Cleary, Director and Rebecca Ross, Senior Economist. A quarterly revenue report for the State of Michigan.
Economic/Revenue Overview and Revenue Monthly Review [127K] April 10, 2012. Prepared by Rebecca Ross.
Revenue Review, February, 2012 [90K], prepared by Mary Ann Cleary, Director and Rebecca Ross, Senior Economist. A quarterly revenue report for the State of Michigan.
Economic Outlook and Revenue Estimates for Michigan FY 2011-12 through FY 2013-14 [203K], January 2012. Prepared by Rebecca Ross and Jim Stansell. This report includes a national and State economic forecast for calendar year (CY) 2011 through 2014. It also presents preliminary final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year FY 2010-11, revised revenue estimates for FY 2011-12 and FY 2012-13, and initial estimates for FY 2013-14.
Consensus Revenue Agreement, Final Summary [46K], January 17, 2012. This memo provides a summation of the agreements reached at the January 2012 conference. The consensus estimates will be revised or updated at the May 2012 conference.
Consensus Revenue Agreement, Executive Summary [203K], January 13, 2012. Economic and Revenue forecasts for fiscal years 2012, 2013 and 2014.

2011

Economic/Revenue Overview and Revenue Monthly Review [127K], December 8, 2011. Prepared by Rebecca Ross.
Revenue Review, November 2011 [61K], prepared by Mary Ann Cleary, Director and Rebecca Ross, Senior Economist. A quarterly revenue report for the State of Michigan.
Economic/Revenue Overview and Revenue Monthly Review [121K], October 13, 2011. Prepared by Rebecca Ross.
Economic/Revenue Overview and Revenue Monthly Review [131K], September 13, 2011. Prepared by Rebecca Ross.
Revenue Review, August 2011 [63K], prepared by Mary Ann Cleary, Director and Rebecca Ross, Senior Economist. A quarterly revenue report for the State of Michigan. Revised to exclude tax amnesty revenue.
Enacted Personal Income Tax Changes with Taxpayer Examples [45K], July 8, 2011. Prepared by Rebecca A. Ross, Senior Economist. This memo provides a description and taxpayer examples of the personal income tax changes contained in Public Act (PA) 38 of 2011 (effective January 1, 2012)
Revenue Source and Distribution [363K], prepared by Rebecca Ross, June 2011. This report provides information on the source and distribution of revenue for the State of Michigan, and includes estimated FY 2010-11 and FY 2011-12 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2011 Consensus Revenue Estimating Conference and revenue detail in the FY 2011-12 Executive Budget Recommendation. It also reflects revenue impacts due to tax amnesty, unclaimed property, liquor reforms, and changes to the state's tax structure included in HB 4361 and HB 4362 of 2011.
Economic/Revenue Overview and Revenue Monthly Review [127K] June, 2011. Prepared by Rebecca Ross.
Consensus Revenue Agreement [46K], May 24, 2011. These tables provide a summation of the agreements reached at the May 2011 conference. These consensus estimates will be reviewed and updated at the January 2012 conference.
Consensus Revenue Agreement, Executive Summary [47K], May 16, 2011. Economic and Revenue forecasts for fiscal years 2011, 2012 and 2013.
Revenue Review, May 2011 [52K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Revenue Source and Distribution [366K], prepared by Rebecca Ross, April 2011. This report provides information on the source and distribution of revenue for the State of Michigan, and includes estimated FY 2010-11 and FY 2011-12 revenue. Estimates in this report are based on revenue amounts agreed to at the January 2011 Consensus Revenue Estimating Conference and revenue detail in the FY 2011-12 Executive Budget Recommendation.
FY 2011-12 Executive Recommendation for Tax Changes [87K] March 8, 2011, Prepared by Rebecca Ross, Jim Stansell and Chris Couch. This analysis describes the Governor's Tax Proposal.
Preliminary Review of the FY 2011-12 and FY 2012-13 Executive Budget Recommendation [193K], February 22, 2011. This preliminary review provides a quick look at the Executive Budget Recommendation for FY 2011-12 and FY 2012-13.
Revenue Review, February 2011 [79K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Consensus Revenue Agreement [36K], January 14, 2011. The attached tables provide a summation of the agreements reached at the January 2011 conference. These consensus estimates will be revised or updated at the May 2011 conference.
Economic Outlook and Revenue Estimates for Michigan FY 2010-11 and FY 2011-12 [226K], January 2011. Prepared by Rebecca Ross and Jim Stansell. This report presents final General Fund/General Purpose and School Aid Fund revenue for fiscal year (FY) 2009-10, revised revenue estimates for FY 2010-11, and initial estimates for FY 2011-12.

2010

Revenue Review, November 2010 [52K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Tax Amnesty, Unclaimed Property Revenue, and Debt Service Restructuring Proposals, August 23, 2010. [35K], prepared by Mitchell E. Bean and Ben Gielczyk. This memo gives a summary of the Governor's proposals for closing the FY 2010-11 general fund budget deficit.
Revenue Review, August 2010 [75K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Revenue Source and Distribution [324K], prepared by Rebecca Ross, June 2010. This report provides information on the source and distribution of revenue for the State of Michigan, and includes estimated FY 2009-10 and FY 2010-11 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2010 Consensus Revenue Estimating Conference and revenue detail in the FY 2010-11 Executive Budget Recommendation.
Consensus Revenue Agreement [88K], May 21, 2010. These tables provide a summation of the agreements reached at the May 2010 conference. These consensus estimates will be reviewed and updated at the January 2011 conference.
Economic Outlook and Revenue Estimates for Michigan FY 2009-10 and FY 2010-11 [236K], prepared by Rebecca Ross and Jim Stansell, May 2010. This report presents final General Fund/General Purpose and School Aid Fund final revenue for fiscal year (FY) 2008-09, and revised revenue estimates for FY 2009-10 and 2010-11. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 21, 2010, and will be used to facilitate the consensus estimating process.
Revenue Review, May 2010 [73K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Michigan's Economy and Budget [395K]. A presentation by Mitch Bean to the District 62 Town Hall Meeting, May 3, 2010.
Revenue Source and Distribution [324K], prepared by Rebecca Ross, March 2010. This report provides information on the source and distribution of revenue for the State of Michigan, and includes estimated FY 2009-10 and FY 2010-11 revenue. Estimates in this report are based on revenue amounts agreed to at the January 2010 Consensus Revenue Estimating Conference and revenue detail in the FY 2010-11 Executive Budget Recommendation.
Review and Analysis: FY 2010-11 Executive Budget Recommendation [485K], March 2010. This publication provides information on revenue sources proposed in the Executive Recommendation for FY 2010-11, including tobacco settlement funds. It also provides summary charts and tables of proposed budget funds and sources.
Preliminary Review of the FY 2010-11 Executive Budget Recommendation [202K], February 16, 2010. This preliminary review provides a quick look at the Executive Budget Recommendation for FY 2010-11.
Revenue Review, February 2010 [95K], prepared by Mitchell E. Bean and Rebecca Ross. A quarterly revenue report for the State of Michigan.
Appropriations: Summary and Analysis, FY 2009-10 [550K], January 2010. This report summarizes the enacted FY 2009-10 appropriations.
Consensus Revenue Agreement [87K], January 2010. These tables provide a summation of the agreements reached at the January 2010 conference. The consensus estimates will be revised or updated at the May 2010 conference.
Consensus Revenue Agreement - Executive Summary [49K], January 2010. The attached document provides an Executive Summary of the January 11, 2010 Consensus Revenue Estimating Conference.
Economic Outlook and Revenue Estimates for Michigan FY 2009-10 and FY 2010-11 [241K], prepared by Rebecca Ross and Jim Stansell, January 2010. This report presents final General Fund/General Purpose and School Aid Fund revenue for fiscal year (FY) 2008-09, revised revenue estimates for FY 2009-10, and initial estimates for FY 2010-11.