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The Michigan Consensus Revenue Estimating Conference for May 2020 is starting now (9:00am ET). As the Minority Vice Chair of the Appropriations Committee, I'll be participating. You can watch live here:
house.mi.gov/SharedVideo/Vi…
house.mi.gov/SharedVideo/Vi…
If you'd like to follow along with the #CREC and view the materials yourself, you can do so here:
house.mi.gov/hfa/Consensus.… #mileg
house.mi.gov/hfa/Consensus.… #mileg
Starting the Consenus Revenue Estimating Conference. This is where we hear about Michigan's economic forecast and estimate our budget revenue. I'll tweet updates. 
This is also known as the CREC. We have to reach consensus with @MITreasEubanks @MI_SenateFiscal and the Michigan House Fiscal Agency to build our budgets. We will see reports from economists and learn about broad economic trends. #mileg
@MITreasEubanks @MI_SenateFiscal The first few indicators--vehicle sales, inflation, job growth, monetary policy, oil prices--suggest slow economic growth. Things look relatively flat. #mileg
Starting the Consensus Revenue Estimating Conference (CREC) to estimate our state's revenue for the next budget. You can watch here:
house.mi.gov/SharedVideo/Vi…
house.mi.gov/SharedVideo/Vi…
Consumer confidence & manufacturing indexes expecting a slow down. Unemployment trending down in the short term. Economic growth in 2018 largely due to economic stimulus. 2018 saw some wage growth. #mileg #crec
Talking about the impact of the shut down: we could see $120 billion in sequestration cuts kick in automatically. Cutting economic stimulus while we are slowing down puts on the breaks faster.
