LANSING–The following is a statement from Fund MI Future Executive Director MoReno Taylor II regarding the state income tax rollback decision issued by Michigan treasurer Rachael Eubanks this week:

“The Whitmer administration made the right call: it would be fiscally irresponsible to institute a permanent revenue cut based on a single year’s budget surplus. However, we still have the same conundrum. We don’t have enough public money to increase our quality of life and create shared prosperity for all Michiganders, no matter which part of the state they live in. 

“To have top-notch schools, clean and affordable water, programs for seniors and veterans, inexpensive child care, access to mental health services, and other vital amenities, we must expand investment in the priorities that increase our well-being, prosperity, and security. Under Democratic leadership and economic policies that put people over corporate profits, Michigan will see sustained and widespread economic growth – which is far more beneficial than a tax cut that amounts to about a dollar per week for the vast majority of state residents. 

“We have more work to do to make sure our public funds pay for the programs and services that make our lives better, but this is a solid step.”

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Fund MI Future is a joint effort of community organizations, unions of working people, and policy experts. FMF is working to create shared prosperity for all Michiganders by fully and fairly funding our public services like schools, roads, and clean water.