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Roseville council hears Lansing update warning of $1.1B revenue shortfall and proposed property-tax overhaul
Summary
Adam Wright of Midwest Strategy Group told the Roseville City Council that state revenues are about $1.1 billion below last-year estimates, the governor proposed an $88.1 billion budget, and a House plan to cut $5 billion via property‑tax reform could leave an estimated $300 million gap that risks reduced school or local funding.
Adam Wright of the Midwest Strategy Group told the Roseville City Council on March 10 that state revenues are down roughly $1.1 billion from last year’s estimates and that Governor’s proposed spending totals about $88.1 billion. Wright said the shortfall is driving debate in Lansing over multiple property‑tax proposals, including a $90 million seniors credit and a roughly $300 million expansion of the homestead credit.
Wright said a separate House Republican plan would eliminate a set of property taxes and rely on a broader sales‑tax‑on‑services shift to recover revenue. “The speaker’s plan wants to cut $5,000,000,000 out of the state budget by doing property tax…
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