Bishop & Dillon Agreement on State Budget

LANSING, Mich. (AP) -- A tentative agreement to balance Michigan's state government budget is starting to move through the state Legislature.
Democratic House Speaker Andy Dillon and Republican Senate Majority Leader Mike Bishop signed off on the tentative deal Wednesday. The Republican-led Senate also voted 21-14 mostly along party lines to transfer more than $200 million from the state's school aid fund to the general fund, a key step toward balancing this fiscal year's budget.
Lawmakers also face a projected deficit of $484 million for the budget year starting Oct. 1.
The budget-balancing plan would include a tax amnesty proposal and an incentive package aimed at getting more state employees to retire.
Several details are yet to be worked out.

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