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 — including a more than $1.3 billion general fund surplus — during Friday’s annual January Consensus Revenue Estimating Conference:
“Revenue forecasts predict more than $1 billion will overflow into surplus. Yet, families and seniors across Michigan continue to struggle against rising prices compounded by frivolous government spending.
“The people of Michigan cannot afford the trajectory we have been on. Michiganders need to keep more of what they make, and the Legislature must act responsibly as we manage the state’s remaining budget surplus by investing in our common priorities — including education, roads and infrastructure, and public safety — and providing taxpayers with meaningful relief from high costs.”