Revenue and Economic Forecast

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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 and Tax Analysis.

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Key Documents and Links


ballConsensus Revenue Estimating Conference

ball State Tax Revenue Overview

ball Budget Poster - FY 2017

ball Revenue and Economic Forecast Archives

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2018

  • HFA Monthly Revenue Update - August 2018 [264K] September 11, 2018 Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - July 2018 [262K] August 13, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Revenue State Source and Distribution [333K] August 6, 2018. 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 2016-17 revenue, and estimated FY 2017-18 and FY 2018-19 amounts. Estimates in this report are based on revenue amounts agreed to at the May 2018 Consensus Revenue Estimating Conference (CREC).
  • Appropriations: Summary and Analysis, FY 2018-19 [2.25K], July 30, 2018. This FY 2018-19 Appropriations Summary and Analysis summarizes the enacted FY 2018-19 state budget.
  • Reports Required by Boilerplate FY 2018-19 [904K], July 30, 2018. This publication lists reports required by boilerplate in FY 2018-19 appropriation acts.
  • HFA Monthly Revenue Update - June 2018 [110K] July 11, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - May 2018 [109K] June 13, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [153K], May 17, 2018. This memo provides a summation of the agreements reached at the May 2018 conference. These consensus estimates will be reviewed and updated at the January 2019 conference.
  • Consensus Revenue Agreement, Executive Summary [91K], May 16, 2018. Economic and Revenue Forecasts for Fiscal Years 2018, 2019 and 2020.
  • Economic Outlook and Revenue Estimates for Michigan FY 2017-18 Through FY 2019-20 [164K], May 14, 2018. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2017 through CY 2020. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2016-17, revised revenue estimates for FY 2017-18 through FY 2019-20. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 16, 2018, and will be used to facilitate the consensus estimating process.
  • HFA Monthly Revenue Update - March 2018 [159K] April 10, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - February 2018 [110K] March 15, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - January 2018 [110K] February 12, 2018. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [149K], January 12, 2018. This memo provides a summation of the agreements reached at the January 2018 conference. These consensus estimates will be reviewed or updated at the May 2018 conference.
  • Consensus Revenue Agreement, Executive Summary [66K], January 11, 2018. Economic and Revenue Forecasts for Fiscal Years 2018, 2019 and 2020.
  • Economic Outlook and Revenue Estimates for Michigan FY 2017-18 Through FY 2019-20 [164K], January 9, 2018. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2017 through CY 2020. It also presents preliminary final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2016-17, revised revenue estimates for FY 2017-18 and FY 2018-19, and initial estimates for FY 2019-20. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 11, 2018, and will be used to facilitate the consensus estimating process.

2017

  • HFA Monthly Revenue Update - October 2017 [110K] November 15, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - September 2017 [110K] October 12, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Revenue State Source and Distribution [607K] September 28, 2017. 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 2015-16 and estimated FY 2016-17 and FY 2017-18 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2017 Consensus Revenue Estimating Conference.
  • HFA Monthly Revenue Update - August 2017 [142K] September 19, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Appropriations: Summary and Analysis, FY 2017-18 [2.23K], August 2017. This FY 2017-18 Appropriations Summary and Analysis summarizes the enacted FY 2017-18 state budget.
  • HFA Monthly Revenue Update - July 2017 [137K] August 11, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - June 2017 [137K] July 13, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - May 2017 [142K] June 9, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [146K], May 18, 2017. This memo provides a summation of the agreements reached at the May 2017 conference. These consensus estimates will be reviewed or updated at the January 2018 conference.
  • Consensus Revenue Agreement, Executive Summary [56K], May 17, 2017. Economic and Revenue Forecasts for Fiscal Years 2017, 2018 and 2019.
  • Economic Outlook and Revenue Estimates for Michigan FY 2016-17 Through FY 2018-19 [180K], May 15, 2017. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2016 through CY 2019. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2015-16, revised estimates for FY 2016-17 and FY 2018-19. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 17, 2017, and will be used to facilitate the consensus estimating process.
  • HFA Monthly Revenue Update - March 2017 [140K] April 18, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Revenue State Source and Distribution [281K] March 2017. 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 2015-16 and estimated FY 2016-17 and FY 2017-18 revenue. Estimates in this report are based on revenue amounts agreed to at the January 2017 Consensus Revenue Estimating Conference.
  • HFA Monthly Revenue Update - February 2017 [117K] March 15, 2017. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [143K], January 13, 2017. This memo provides a summation of the agreements reached at the January 2017 conference. These consensus estimates will be reviewed or updated at the May 2017 conference.
  • Consensus Revenue Agreement, Executive Summary [89K], January 12, 2017. Economic and Revenue Forecasts for Fiscal Years 2017, 2018 and 2019.
  • Economic Outlook and Revenue Estimates for Michigan FY 2016-17 Through FY 2018-19 [166K], January 10, 2017. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2016 through CY 2019. It also presents preliminary final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2015-16, revised estimates for FY 2016-17 and FY 2017-18, and initial estimates for FY 2018-19. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 12, 2017, and will be used to facilitate the consensus estimating process.

2016

  • HFA Monthly Revenue Update - October 2016 [117K] November 8, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - September 2016 [113K] October 12, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update -August 2016 [114K] September 9, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • HFA Monthly Revenue Update - July 2016 [114K] August 9, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Revenue State Source and Distribution [281K] July 2016. 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 2014-15 and estimated FY 2015-16 and FY 2016-17 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2016 Consensus Revenue Estimating Conference and revenue detail in the FY 2016-17 enacted budget.
  • Appropriations: Summary and Analysis, FY 2016-17 [1.04K], July 2016. This FY 2016-17 Appropriations Summary and Analysis summarizes the enacted FY 2016-17 state budget.
  • HFA Monthly Revenue Update [114K] July 19, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [145K], May 17, 2016. This memo provides a summation of the agreements reached at the May 2016 conference. These consensus estimates will be reviewed or updated at the January 2017 conference.
  • Consensus Revenue Agreement, Executive Summary [70K], May 17, 2016 . Economic and Revenue Forecasts for Fiscal Years 2016, 2017 and 2018.
  • Economic Outlook and Revenue Estimates for Michigan FY 2015-16 Through FY 2017-18 [176K], May 13, 2016. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2015 through CY 2018. It also presents preliminary final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2014-15, and revised estimates for FY 2015-16 through FY 2017-18. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 17, 2016, and will be used to facilitate the consensus estimating process.
  • Economic and Revenue Update [160K] March 17, 2016. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Consensus Revenue Agreement, Final Summary [143K], January 15, 2016. This memo provides a summation of the agreements reached at the January 14, 2016 conference. The consensus estimates will be revised or updated at the May 2016 conference.
  • Economic Outlook and Revenue Estimates for Michigan FY 2015-16 Through FY 2017-18 [164K], January 12, 2016. Prepared by Jim Stansell, Senior Economist. This report includes a national and state economic forecast for calendar year (CY) 2015 through CY 2018. It also presents preliminary final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2014-15, and revised estimates for FY 2015-16 through FY 2016-17, and initial estimates for FY 2017-18. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 14, 2016, and will be used to facilitate the consensus estimating process.

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, 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.
  • Consensus Revenue Agreement, Final Summary [154K], January 20, 2015. This memo provides a summation of the agreements reached at the January 16, 2015 conference. The consensus estimates will be revised or updated at the May 2015 conference.
  • Consensus Revenue Agreement, Executive Summary [47K], January 16, 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 [270K], January 14, 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 2015-16, and initial estimates for FY 2016-17. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 16, 2015, and will be used to facilitate the consensus estimating process.

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2014

  • Michigan Tax Revenue [233K] October, 2014. Prepared by Jim Stansell, Senior Economist.
  • Economic and Revenue Report [190K] October 10, 2014. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Economic and Revenue Report [159K] August 15, 2014. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.
  • Revenue State Source and Distribution [556K], prepared by Jim Stansell, Senior Economist, June 2014. This report provides information on the source and distribution of revenue for the State of Michigan, and includes final FY 2012-13 and estimated FY 2013-14 and FY 2014-15 revenue. Estimates in this report are based on revenue amounts agreed to at the May 2014 Consensus Revenue Estimating Conference and revenue detail in the FY 2014-15 enacted budget.
  • Consensus Revenue Agreement, Final Summary [49K], May 16, 2014. This memo provides a summation of the agreements reached at the May 2014 conference. These consensus estimates will be reviewed or updated at the January 2015 conference.
  • Consensus Revenue Agreement, Executive Summary [48K], May 15, 2014 Economic and Revenue forecasts for fiscal years 2014, 2015 and 2016.
  • Economic Outlook and Revenue Estimates for Michigan FY 2013-14 Through FY 2015-16 [173K], May 13, 2014. Prepared by Jim Stansell, Senior Economist. This report includes a national and State economic forecast for calendar year (CY) 2013 through CY 2016. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year FY 2012-13 and revised estimates for FY 2013-14 through FY 2015-16. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 15, 2014, and will be used to facilitate the consensus estimating process.
  • Economic and Revenue Report [159K] April 14, 2014. Prepared by Mary Ann Cleary, Director and Jim Stansell, Senior Economist.(Revised)
  • Consensus Revenue Agreement, Final Summary [52K], January 13, 2014. This memo provides a summation of the agreements reached at the January 2014 conference. The consensus estimates will be revised or updated at the May 2014 conference.
  • Consensus Revenue Agreement, Executive Summary [176K], January 10, 2014. Economic and Revenue Forecasts for fiscal years 2014, 2015 and 2016.
  • Economic Outlook and Revenue Estimates for Michigan FY 2013-14 Through FY 2015-16 [176K], January 7, 2014. Prepared by Jim Stansell, Senior Economist. This report includes a national and State economic forecast for calendar year (CY) 2013 through CY 2016. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year FY 2012-13 and revised estimates for FY 2013-14 through FY 2014-15, and initial estimates for FY 2015-16. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 10, 2013, and will be used to facilitate the consensus estimating process.

ball Revenue Archives