Sen. Stamas comments on improved state revenues

LANSING, Mich. — Senate Appropriations Committee Chairman Jim Stamas, R-Midland, issued the following statement after state fiscal and economic leaders made their economic and state tax revenue projections during Friday’s annual May Consensus Revenue Estimating Conference:

“The rosy budget picture facing state government is not reflective of the reality facing many Michigan families struggling with record-high gas prices and near 40-year-high inflation that is increasing costs on virtually all everyday household needs, like food and energy.

“This surplus revenue is not the state’s money, it’s the people’s money — and they need it more than we need to increase state spending.

“You work hard for your income and the Senate is working hard to protect it. The Senate has already passed a budget plan that shows we can increase record funding for K-12 education, fix our roads and protect our communities, while also providing tax relief to all Michigan families.

“As we work with the House and governor on a responsible and efficient fiscal year 2023 state budget, the Senate will continue to fight to return much of this substantial revenue surplus to the hardworking people of our state.”

###