CHICAGO - Higher tax revenue estimates for fiscal 1995, if they are correct, will push Michigan over its constitutional limit, a state official said last week.

Last month, Michigan officials projected that the state would be $75 million to $150 million below the tax revenue limit in the fiscal year that begins Oct. 1. Now, they say the limit may be exceeded, which would force the state to cut taxes by $100 million to $150 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.