Welcome to the House Fiscal Agency
Fiscal and Legislative Snapshots
Current Reports
- HFA Monthly Revenue Update – May 2025 June 13, 2025. Prepared by Ben Gielczyk, Associate Director.
- Consensus Revenue Agreement, Final Summary May 16, 2025. This memo provides a summation of the agreements reached at the May 2025 conference. These consensus estimates will be reviewed or updated at the January 2026 conference.
- Consensus Revenue Agreement, Executive Summary May 16, 2025. Economic and Revenue Forecasts for Fiscal Years 2025, 2026 and 2027.
- Economic Outlook and Revenue Estimates for Michigan FY 2024-25 Through FY 2026-27 May 15, 2025. Prepared by Benjamin Gielczyk, Associate Director. This report includes a national and state economic forecast for calendar year (CY) 2024 through CY 2027. It also presents final General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2023-24 and revised revenue estimates for FY 2024-25 through FY 2026-27. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on May 16, 2025 and will be used to facilitate the consensus estimating process.
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- 2025 House Road Funding Package - City and Village Distribution - Update April 25, 2025. Prepared by William E. Hamilton, Senior Fiscal Analyst.
- 2025 House Road Funding Package - County Distribution - Update April 25, 2025. Prepared by William E. Hamilton, Senior Fiscal Analyst.
- Fiscal Brief: Michigan Competitive Scholarship Program March 13, 2025. Prepared by Perry Zielak, Senior Fiscal Analyst. This publication provides and overview of the Michigan Competitive Scholarship program, one of the state postsecondary financial aid programs administered by the Michigan Department of Livelong Education, Advancement, and Potential (MiLEAP) and funded in the Higher Education budget.
- Fiscal Brief: Motor Fuel Taxes, Sales Tax on Motor Fuels, and Methods of Tax Collection May 21, 2024 (As Edited February 24, 2025). Prepared by William E. Hamilton, Senior Fiscal Analyst. This publication reviews the history of motor fuel taxes in Michigan, including the legal authorities for motor fuel taxes, the method of tax collection, and the distribution of motor fuel tax revenue. It also describes other taxes and fees imposed on the sale of motor fuel in Michigan, including Michigan's general sales tax.
- Fiscal Brief: MTF Distribution Formula to Local Road Agencies - Update
February 21, 2025. Prepared by William E. Hamilton, Senior Fiscal Analyst. This updated publication describes the factors that govern the distribution of Michigan Transportation Fund (MTF) revenue to local road agencies (county road commissions and cities/villages). The publication includes a flowchart showing the estimated distribution of MTF revenue for FY 2024-25. The publication also includes tables showing the history of MTF revenue and distribution from FY 1996-97 through FY 2024-25.
- Review and Analysis: FY 2025-26 Executive Budget Recommendation February 20, 2025. In this publication, the Budget Overview provides information on revenue sources and appropriations proposed in the Executive Budget Recommendation for FY 2025-26 and FY 2026-27. It also provides summary charts and tables of appropriations and fund sources in the proposed budget.
- FY 2025-26 Executive Budget Overview Supplementals and Omnibus Presentation February 19, 2025. By: Mary Ann Cleary, Director. This presentation is an overview of the FY 2025-26 Executive Budget Recommendation given to the House Appropriations Committee.
- Fiscal Brief: Make It in Michigan Competitiveness Fund February 12, 2025. Prepared by Michael Cnossen, Fiscal Analyst. This brief provides background information on the Make It in Michigan Competitiveness Fund, describes the process for approving state funding for projects, and gives details on projects that have received state and federal support.
- Preliminary Review of the FY 2025-26 Executive Budget Recommendation February 7, 2025. This preliminary review provides a quick look at the Executive Budget Recommendation for FY 2025-26.
- Fiscal Brief: Use of School Aid Funds in Community Colleges and Higher Education January 28, 2025. Prepared by Perry Zielak, Fiscal Analyst. This updated publication describes the increasing use of School Aid Fund revenues in the Community Colleges and Higher Education budgets since FY 2009-10.
- Higher Education Appropriations Report, Fiscal Year 2024-25 Prepared by Perry Zielak, Senior Fiscal Analyst, House Fiscal Agency and Josh Sefton, Deputy Director, Senate Fiscal Fiscal Agency, January 2025. This report provides a precise record of how appropriation amounts in the FY 2024-25 Higher Education budget were calculated.
- Consensus Revenue Agreement, Final Summary January 10, 2025. This memo provides a summation of the agreements reached at the January 2025 conference. These consensus estimates will be reviewed or updated at the May 2025 conference.
- Consensus Revenue Agreement, Executive Summary January 10, 2025. Economic and Revenue Forecasts for Fiscal Years 2025, 2026 and 2027.
- Economic Outlook and Revenue Estimates for Michigan FY 2024-25 Through FY 2026-27 January 8, 2025. Prepared by Benjamin Gielczyk, Associate Director. This report includes a national and state economic forecast for calendar year (CY) 2024 through CY 2027. It also presents preliminary General Fund/General Purpose (GF/GP) and School Aid Fund (SAF) revenue for fiscal year (FY) 2023-24, revised revenue estimates for FY 2024-25 and FY 2025-26, and initial estimates for FY 2026-27. Estimates reported herein will be presented to the Consensus Revenue Estimating Conference on January 10, 2025 and will be used to facilitate the consensus estimating process.
- Revenue State Source and Distribution December 23, 2024. Prepared by Ben Gielczyk, Associate Director. This report provides information on the source and distribution of revenue for the State of Michigan, and includes final FY 2022-23 revenue, and estimated FY 2023-24 and FY 2024-25 amounts. Estimates in this report are based on revenue amounts agreed to at the May 2024 Consensus Revenue Estimating Conference. This publication also includes final FY 2022-23 collections by type of tax and provides information for each tax with regard to the tax base, rate, and disposition as well as state revenue dedication information including tax type, dedicated amount, and recipient of dedicated funds.
- Budget Poster - FY 2024-25 December 3, 2024. Prepared by Mary Ann Cleary, Director. A diagram of the major components of Michigan's tax system and state budget. The 11 x 17 poster displays how state taxes and other revenues flow through major state funds and into the state budget. Email HFA Administration to request a color copy.
