Michigan Facing More Money Woes

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Government economists have agreed that tax revenues won't be high enough this fiscal year or next to keep the state out of the red without some adjustments.

The $12.5 billion budget that covers public education is expected to have enough money. But state Treasurer Jay Rising expects the nearly $9 billion general fund budget to be around $350 million short. He says it will be about $750 million short in the next fiscal year if budget adjustments aren't made.

The state budget director is expected to present the governor's spending plan for the next fiscal year to lawmakers next month.