Michigan’s tax collections are running ahead of expectations. Gov. Jennifer Granholm wants to take advantage of this break to pour money into popular programs, specifically the Pure Michigan ad campaign that brings tourists and their dollars to their state.
I asked the Governor’s Office what was driving the surprising increase in collections. Primarily it’s the income tax, I’m told.
This would be the same income tax whose rate will be cut from 4.35 percent to 3.9 percent over the next five years.