Projections reached Friday have Michigan's General Fund and School Aid Fund increasing $1.24 billion above last May's projections for the current fiscal year and $1.3 billion for Fiscal Year (FY) 2024. Meanwhile, the state's surplus has climbed to an unprecedented $9.2 billion ($5.1 billion General Fund, $4.1 billion School Aid Fund), according to information shared at Friday's Consensus Revenue Estimating Conference (CREC). “We have, going into this conference, some healthy balances right now and that should also help us mitigate any sort of immediate mild recession in the next few months,” said Budget Director Chris Harkins. Back in May, School
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