Michigan’s General, School Aid Fund Face $1.5 Billion Shortfall
LANSING - Michigan's total general fund and School Aid Fund revenues could drop by more than $1.5 billion in two years, from the 2007-08 to 2009-10 fiscal years, the House Fiscal Agency said Wednesday. The estimate, released two days before the state's first 2009 Revenue Estimating Conference, mirrors in many respects the fiscal forecast issued