State Budget Note 2009-01 ( January 2009 ) 8 pages
Michigan’s Weakened Financial Position and The Problem of Dual Deficits
The much-anticipated Consensus Revenue Estimating Conference forecast to be released on Friday will shed light on the Fiscal Year 2009 and 2010 budget outlooks for the State of Michigan, but the basic financial condition of the State is known and shows a weakened cash position in the face of Michigan’s ongoing structural deficit. This is the principal conclusion of a new analysis of the State budget by the Citizens Research Council of Michigan.
