© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Granholm details new plan to balance Mich. budgets



Gov. Jennifer Granholm proposes a tax amnesty and a 3% spending cut for state agencies to help erase deficits topping $780 million in Michigan's state budgets.

The Democratic governor detailed her latest proposals Wednesday. Many of the ideas would require agreement from state legislators.

One proposal is to take a portion of a surplus in the state's fund for public schools and use it to help community college budgets.

Granholm says Michigan faces a deficit of roughly $300 million for the current fiscal year. She says an additional shortfall of more than $480 million exists for the budget year starting Oct. 1.

There are no tax increases in the plan.

Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!