Stamas comments on state revenue estimate

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:

“We will have an historic amount of funding available this year, and along with that comes a responsibility to Michigan families to use that money in a fiscally responsible manner.

“As we continue the process of finalizing a balanced budget on time and using federal relief funds this year, we must wisely and effectively use this once-in-a-lifetime funding for purposeful and lasting projects that improve our state for every Michigan family.

“We also need to be guarded with new spending programs. While the federal relief is helpful to support people, businesses and communities affected by the pandemic and free up state resources for long-term investments, it’s not sustainable.

“My goal is to work with the House and the governor to put our federal and state resources to productive use in meeting our current needs, supporting our people and economy, and investing in a brighter future.”

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