26 Jun, 2024
2 mins read

Lawsuit Pursues Permanency of Michigan’s Income Tax Cut

A coalition of Republican lawmakers, business groups filed a lawsuit against the Michigan treasurer, Aiming permanent roll back of income tax to 4.05% from 4.25%. Lawsuit challenges Attorney General Dana Nessel’s opinion limiting cut to current year The complaint, filed on Thursday, demands declaratory relief from a judge versus State Treasurer Rachael Eubanks in order […]

2 mins read

State Income Soars: New Mexico Envisions $3.5 Billion Surplus from Oil Production High

New Mexico’s record-breaking oil output is expected to generate an unprecedented multibillion-dollar surplus for the state government throughout the 2018 fiscal year, state economists stated Wednesday. In accordance with forecasts from four state agencies, which include the Legislature’s budget and accountability office, annually state general fund income will rise to $13 billion for the fiscal […]