fiscal

Michigan's major taxes netted nearly $1.2 billion in March, up by a whopping 22.3 percent over the same month a year ago, according to the figures released Thursday by the Senate Fiscal Agency.
For the 2007-08 fiscal year to date the state has collected $7.7 billion, up 5.9 percent from the same time a year ago.
The state saw major increases in income tax, sales tax and oil and gas severance tax collections, while dealing with declines in Single Business Tax, use tax and real estate transfer tax collections.