 lower taxes less state revenue michigan s house and senate fiscal agencies expect the state general fund to take in less revenue in the next fiscal year that starts on october 1 the reason is that companies will be paying less money in tax revenues because of the business tax cut that took effect early this year the decrease is expected to be bigger than originally forecast in january the house fiscal agency is forecasting a 67 million dollar reduction while the senate fiscal agency is forecasting a 1064 million reduction for a breakdown on the revenue changes and how the state budget the taxpayers and businesses will be impacted click on the following story link  http annarborcom news housesenatefiscalagenciesseerevenuechanges cmpid mlive mlivenewsa2 