LANSING, Mich. (Jan. 16, 2026) — Senate Appropriations Chair Sarah Anthony (D-Lansing) has issued the following statement regarding the Consensus Revenue Estimating Conference (CREC) that took place today:
“Under our leadership, we have worked hard to make sure our state budget is resilient, making record-high deposits in the rainy-day fund and measured, responsible investments that can be sustained long-term. As revenue growth flattens, we will remain committed to governing with discipline and maturity, always keeping the needs of the people and the financial health of the state top of mind. Thanks to smart investments and the extremely accurate forecasting of our state economists, I am confident in our state’s ability to create another fiscally responsible budget that delivers real results for the people of Michigan.”
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 at 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.