LANSING, Mich. (May 16, 2025) — Senate Appropriations Chair Sarah Anthony (D-Lansing) has issued the following statement regarding the Consensus Revenue Estimating Conference (CREC) that took place today:
“Our country has experienced significant changes since January, including shifting economic policies. The full impact of these changes is still unknown, so it’s no surprise that the numbers presented at today’s conference are more conservative than previous estimates. The numbers presented at today’s conference highlight Michigan’s resilience and strength. Some things are certain: our values are unwavering, and we have prepared our state well to face any challenges that may arise. Senate Democrats are ready to tackle any issues that come our way, and we will continue to advocate for and promote fiscally responsible policies that make life better for the people of Michigan.
“As Senate Appropriations Chair, I will keep using the budget to uplift and support every Michigander, from our students and teachers to our seniors, veterans, and everyone in between. As Democrats, we remain committed to investing in people, because every dollar spent helps build a future that Michiganders deserve.”
CREC is typically held twice a year, in January and May, with the January CREC starting the annual budget process for the state of Michigan. The revenue forecast adopted in the January conference is the starting point for the Governor’s executive budget, while the May conference provides an update to the forecast prior to the final budget enactment. CREC is led by the Director of the House Fiscal Agency, the Director of the Senate Fiscal Agency, and either the State Treasurer or the State Budget Director.
###