State Rep. Scott VanSingel today said he is confident Michigan’s economy will continue to grow following the Consensus Revenue Estimating Conference, which is the first look at the upcoming economic forecast.
The report was compiled by the House and Senate Fiscal agencies, the state budget director and other economic experts, and presented to the House and Senate Appropriations committees. It predicts Michigan’s economy will continue to strengthen.
“The information we received today is very encouraging, and is a testament to the power of the private sector economy and American ingenuity,” said VanSingel, of Grant, who serves on the House Appropriations Committee. “Revenue trends remain strong due to a robust economy which will allow us to invest in vital infrastructure projects such as roads, bridges and water systems.
“In addition, we are able to invest record amounts in K-12 education which will further strengthen our economy in the future.”
VanSingel said work will soon begin on a budget for the coming fiscal year, and the Legislature will continue to look for ways to reduce the size of government while maintaining services and programs.
“We also need to continue to find ways to make the thriving economy benefit everyone in this state,” VanSingel said. “As we move forward on the next budget we will maintain programs that improve the quality of life for all Michiganders.”