PODCAST:
Jan. 20, 2026 ~ David Sowerby, managing director and portfolio manager at Ancora Bloomfield Hills, discusses Michigan adjusting their tax revenue projections by $1 billion.
DETROIT, MI ~ Due to slow growth rates and tax law changes, Michigan tax revenue projections have dropped by $780 million for 2026 and $1.1 billion for 2027, according to The Michigan Department of Treasury. For this fiscal year, general fund revenues are now predicted to land at $14.13 billion compared to $15,11 billion. David Sowerby, managing director and portfolio manager at Ancora Bloomfield Hills, spoke more on the situation on “Focus with Paul W. Smith.”
