Another Sign Manufacturing Leads Recovery: Mich. Could Collect $1Billion in Extra Taxes in 2011-2012

LANSING -- "A day after the Legislature delivered most of Gov. Rick Snyder's business and personal income tax overhaul, state government got the best news it's had in a decade: Tax collections are exceeding expectations again, with analysts predicting Friday that the state will take in up to $690 million more next year than had been forecast only four months ago.


Forecasts released Friday by the House and Senate Fiscal Agencies said 2012 tax collections will be between $484 million and $690 million higher than had been contained in official estimates in January. According to the Fiscal Agency forecasts, tax collections also will exceed earlier projections in the current fiscal year by between $426 million and $557 million."

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Another Sign Manufacturing Leads Recovery: Mich. Could Collect $1Billion in Extra Taxes in 2011-2012

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