(05-17-2022 05:45 AM)emu79 Wrote:  Even without federal covid funds Michigan tax revenues continue to be strong. The State Senate publishes monthly reports of total tax revenues compared to the previous year and also budget forecasts. Michigan still has federal covid funds it has not allocated.

https://www.senate.michigan.gov/sfa/Reve...eData.html

We certainly live in unusual times. Normally states struggle to keep their budgets in balance and when disaster hits e.g., Great Recession i heard of states closing rest stops on interstates.

And the feds are just starting to shovel (pun intended) the infrastructure monies to the states.

In accordance with my nickname of 'sunshine' I present this sunny fiscal report for California. Est. budget surplus of almost 100B for this FY.

https://www.ft.com/content/21249da0-273b...1d1bb68535

And for those interested in the federal budget, the deficit for the current FY is declining sharply. We may have a deficit we haven't seen in about 5 years.

"Tracking the Federal Deficit: April 2022

Through the first seven months of FY2022, the federal government ran a deficit of $295 billion, $1.58 trillion (84%) less than at the same point in FY2021. Notably, the deficit as of April was smaller than the deficit over the first seven months of FY2019 ($530 billion), which predated the COVID-19 pandemic. "

These are stunningly good numbers. A ray of sunshine in the gloom of inflation, Covid, Ukraine, etc. and baby formula shortages. Thanks, Abbott, out in Sturgis, MI.