August 23, 2023
June 27, 2022
Detroit’s Recent Economic Projections Show Continued Growth Nearing Pre-Pandemic Levels
On February 25, the city got an update of just how much money the city budget is projected to have for the next fiscal year and annually through 2026. General Fund revenues are on course to exceed September projections by modest amounts due in part to favorably adjusted income tax revenue estimates. Projections show that the city’s fiscal recovery will benefit from employment rates of blue collar workers more than any other industry group in the city, with higher educational attainment service industries growing at the slowest rate. Research Associate Dr. Esmat Ishag-Osman talks more about it on this episode of Facts Matter.