Michigan fiscal analysts plan to meet January 14 for a revenue estimating conference that will help drive budget decisions for Republican Governor-elect Rick Snyder and the new state Legislature.
State government is expected to face budget shortfalls for the fiscal year that starts in October 2011. The Senate Fiscal Agency projects that there could be a shortfall of about 1.8 billion dollars for the state’s general fund.
The state’s school aid fund is in better shape. The House Fiscal Agency is expected to put out its own projections next month. Fiscal analysts will make a consensus projection at the revenue estimating conference.
Snyder takes over Saturday from Democrat Jennifer Granholm.
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