Updates About Economy

Governor Whitmer recently signed legislation allocating $152 million for infrastructure upgrades at Selfridge Air National Guard Base in preparation for a new mission. The signing ceremony took place at the 2026 Mackinac Policy Conference, where Whitmer thanked both President Biden and President Trump as well as lawmakers on both sides of the aisle for the effort.

The funding will be used for various upgrades, repairs, and construction projects such as runway improvements and new jet hangars. Whitmer and Brigadier General Daniel Kramer stressed the importance of the investment to both Macomb County and Michigan’s broader economy and military future.

Today, state economic leaders presented updated revenues during the May Consensus Revenue Estimating Conference (CREC). The report showed Michigan’s revenues are slightly stronger than originally predicted. Current fiscal year (FY26) revenues are up $307.3 million compared to January projections, and FY27 revenues are up $173.8 million, mainly due to stronger Income Tax and Use Tax collections. The School Aid Fund (SAF) remains stable, while the General Fund is still lagging but has improved since the January CREC. This improvement can partly be attributed to tax policy changes shifting revenue to the SAF. These updated estimates will guide lawmakers as they negotiate the FY27 budget ahead of the July 1 deadline.

For a more in depth review of the May CREC, you may access the presentations and materials here.

Recently, Governor Whitmer’s office released the results of a survey conducted over the last year in which nearly 4,000 Michiganders were polled on the effects of tariffs and rising costs. She also released a statement in which she highlighted the executive directive she signed that aims at assessing the effect of federal tariffs and stressed her commitment to keeping costs down and making Michigan more affordable.

The survey found that 70% of Michigan residents believe the economy is heading in a worse direction compared to the same time last year. Additionally, 52% of Michiganders report being significantly affected by rising costs in their ability to plan for the future.

Respondents reported rising costs in the following areas:

• 86% saw increases in grocery costs
• 85% saw increases in utility costs
• 70% saw increases in health care costs
• 40% saw increases in gas prices
• 32% saw increases in housing costs