Bumstead urges lawmakers to ‘proceed with caution’ following May revenue estimates

Bumstead urges lawmakers to ‘proceed with caution’ following May revenue estimates

LANSING, Mich.Senate Appropriations Minority Vice Chair Jon Bumstead, R-North Muskegon, released 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:

“This latest revenue estimate sends a serious message that lawmakers should proceed with caution as we finalize the state’s 2025 fiscal year budget over the next few weeks. The data clearly shows people are spending less as they struggle to overcome the highest inflation seen in some of their lifetimes, and more and more are missing payments on their bills, including rent, auto loans and credit cards. Now is not the time to irresponsibly spend state dollars, drive up costs, and raise taxes on overburdened Michiganders.

“It is particularly concerning as we look at lower-than-expected sales tax revenues coming in to support the state’s School Aid budget. I hope my colleagues across the aisle see that we cannot afford to raid $670 million from the teacher retirement fund to prop up the irresponsible spending plan recently passed out the Senate.

“The people of Michigan do not deserve more debt, a $700 million income tax increase, or 1,200% more taxes on trash. What they do deserve is a responsible state budget that invests in our shared interests and common goals, such as critical improvements to our roads and water infrastructure, proper investments in education and our natural resources, and providing for public safety. I will continue being a voice for building a responsible bipartisan spending plan that works to improve the lives of Michigan taxpayers.”


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