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Note 2007-02 ( May 2007 ) 8 pages

Michigan’s Deteriorating Cash Position

Actions to maintain balance in the State general and school aid funds since Fiscal Year 2001 have relied heavily on the depletion of reserves and the use of one-time accounting maneuvers, which have served to erode the State cash position, by $4.2 billion. Actions to balance the FY07 and FY08 budgets will be subject to the realities of cash constraints brought about by failure to resolve the underlying structural deficit.
Note 2007-02 ( May 2007 ) 8 pages

Michigan’s Deteriorating Cash Position

Actions to maintain balance in the State general and school aid funds since Fiscal Year 2001 have relied heavily on the depletion of reserves and the use of one-time accounting maneuvers, which have served to erode the State cash position, by $4.2 billion. Actions to balance the FY07 and FY08 budgets will be subject to the realities of cash constraints brought about by failure to resolve the underlying structural deficit.

Stay informed of new research published and other Citizens Research Council news.
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