In Blog: Factually Speaking, Budget

Here at the League, we love a good budget party! In fact, if we could create a music festival around CREC, we would. That got me thinking about the songs we might be hearing from our headliners…

First, a little background: the Consensus Revenue Estimating Conference (CREC) determines the anticipated General Fund and School Aid Fund revenues for the year. CREC takes place each year in January and May. (Hopefully not Killing [Us] Softly not only one time, but two times on a yearly basis.) As Rachel Richards, the League’s fiscal policy and government relations director, explained in a previous CREC blog, the conference held in January sets the basis for the governor’s budget recommendation announced typically in February, and the conference held in May sets the basis for the final budget.

So, one could say CREC tries to predict the tone of the budget–are we fiscally sound?–and in May, we check the tempo. So this week, are estimates going to be Up Where We Belong? (And I mean, Up Up Up… like, Such Great Heights), or will we be Down Bad? (And if so, hopefully we’ll be able to quickly get Out of the Woods.) Maybe we’ll be somewhere in The Middle

Why should you CREC It Out?*

Michigan’s health starts with our budget. The League has outlined our top priorities in the 2026 People’s Budget, where we partner with community members, service providers and advocates across Michigan to develop budget and policy solutions that lift up Michiganders who have been left out of prosperity. CREC begins at 9 a.m. on Friday, January 10, 2025 and will show us how things are looking for our state budget. The meeting will be available to watch on House TV and Senate TV so you can CREC it out yourself!

Who Will Pass The Mic?

Expect to hear from economists from the Research Seminar on Quantitative Economics from the University of Michigan, other national economists and experts in varying subjects, and state fiscal experts. 

Just Can’t Get Enough

Especially after a squandered lame-duck legislative session, we want to see projections that show we have the resources to craft a state budget with meaningful investments centered on our most valuable asset: our people. Here are just a few of the priorities we’ve named in The People’s Budget:

  • Create a tax system that works for the state and our people. We want a tax system that says I Can Change. We all know Something Good Can Work.
  • Make sure early childhood education and care starts kids off strong and supports our workforce. Better School Days for all.
  • Ensure affordable, quality healthcare access that reduces health disparities. Less time in Hospital Beds.
  • Meet the basic needs of Michiganders. It’s not that we all need to be a Million Dollar Baby. But we do need safety nets and programs that ensure we have All [We] Need to Get By

Money, Money, Money or Bills, Bills, Bills?

The important thing to remember is whether [we’re] high or low, it’s a Tightrope–we’ll find the balance with work, communication and negotiation. If we see any potential storms in our economic forecast, we’re hoping lawmakers can weather the storm (or avoid it completely) so we can enjoy Smooth Sailin’.

Countdown to CREC

To summarize, I’m going to borrow a bit from the Queen B herself:

Hope our estimates are a 10
Or at least a 9
To help our budget elev8
Way past 2027
Prep the budget for ‘26
But focus on ‘25
Better than it’s ever been be4
We’re analyzing until 3
Don’t worry, we’ll share a recap 2
Hope this CREC is No. 1

Special thanks for this blog goes to Alex Rossman, fellow musicophile and past League communications director. He started this trend with CREC Yourself Before You Wreck Yourself, and the accompanying playlist.

*Fun Fact: “Check It Out” samples “Video Killed the Radio Star” from The Buggles, which was the first music video to be played on MTV… the dawn of a new era. Why not CREC It Out to hopefully witness the dawn of a new era (or budget) here in Michigan?

Want to party with us and have CRECfest available wherever you go? CREC out our playlist!