How Detroit and Michigan's Finances Look in 2026

On our Daily Detroit podcast, we talk with Steve Watson of the consulting firm Watson & Yates about where the money comes from and where it might go.​

First, we look at Detroit's budget in Mayor Mary Sheffield's first year as mayor. Detroit's money picture is different from the suburbs, and Steve breaks it into four big "buckets": income tax from people and businesses in the city, fast-growing casino and online betting taxes, state revenue sharing, and property taxes, which rank only fourth even though rates are high.

He explains how careful revenue forecasts, the lasting impact of remote work, and a growing labor force all change what Detroit can afford to do.​

Then the conversation shifts to Governor Gretchen Whitmer's final proposed state budget.

There are new cost pressures from federal rule changes, and about proposed state tax hikes on tobacco, internet gaming, sports betting, and digital ads.

We connect this to what it means for Detroiters who use Medicaid and SNAP, and for Detroit's casino-based tax revenues.​

To wrap up,we share simple steps you can take to get involved, including who to call, key dates to watch, and why paying attention to budgets now can help your neighborhood later.