In In The News

Michigan’s fiscal experts came together Friday for the year’s first Consensus Revenue Estimating Conference (CREC), where top officials from the Treasury Department and the nonpartisan House and Senate fiscal agencies presented revised economic and revenue forecasts for Michigan.

The top takeaways: Michigan continues to recover well financially from the COVID-19 pandemic, but a mild recession in the coming year should be expected.

“We have received positive news today,” state Treasurer Rachael Eubanks told reporters after the conference. “ … Today’s numbers show that Michigan’s continued strong recovery from the pandemic-driven recession … has translated into strong revenues that have once again exceeded expectations.

Read more at Detroit Metro Times.