Michigan Governor's Budget Proposal Has Limited Bonding

Carvlin, Elizabeth
February 2006
Bond Buyer;2/10/2006, Vol. 355 Issue 32317, p4
Trade Publication
The article reports on Michigan governor Jennifer Granholm's introduction of a $42.6 billion budget for fiscal year 2007 that aims to address a $408 million shortfall and proposes only about $100 million of bonding for capital projects. The budget comprises $9 billion for the general fund and $13.1 billion for the School Aid Fund. It is based on revenue estimates in January 2006 that showed two percent growth in the general fund revenues for fiscal year 2007 and a 3.2 percent increase in the School Aid Fund.


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