STATE BUDGET LANSING, MICH. (AP) (wgvu) - A NEW REPORT SAYS MICHIGAN FACES MORE
SERIOUS BUDGET PROBLEMS THAN MOST STATES.
THE NATIONAL CONFERENCE OF STATE LEGISLATURES SAYS MICHIGAN IS
AMONG ELEVEN STATES WHERE TAX REVENUES TRAIL THE MOST RECENT
OFFICIAL FORECASTS.
OFFICIAL ESTIMATES SAY MICHIGAN FACES AN $686 MILLION-DOLLAR
SHORTFALL IN ITS COMBINED GENERAL AND SCHOOL AID FUNDS FOR THE
FISCAL YEAR THAT STARTED IN OCTOBER.
THE REPUBLICAN-LED SENATE, THE DEMOCRATIC-LED HOUSE AND
DEMOCRATIC GOVERNOR GRANHOLM ARE WORKING TO RESOLVE DIFFERENCES ON
HOW TO CLOSE HE DEFICIT.
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