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.


Related Articles

  • Michigan Gov., Lawmakers OK $400M of Tobacco Bonds. Shields, Yvette // Bond Buyer;6/14/2007, Vol. 360 Issue 32650, p4 

    The article reports on the move of Michigan Governor Jennifer Granholm to sign a legislation that authorizes the state to issue $400 million of tobacco bonds as part of a larger legislative agreement aimed at wiping out an $800 million deficit in the current budget. The HB 4850 legislation...

  • Agreement Between Michigan Governor, Lawmakers Sets Up Budget Negotiations. Carvlin, Elizabeth // Bond Buyer;7/6/2006, Vol. 357 Issue 32417, p3 

    The article reports on the agreement between Michigan Governor Jennifer Granholm and state legislators to establish a $9.2 billion general fund budget for fiscal 2007 and a $13 billion school aid budget. The agreement aims to settle the differences between the budgets approved in each house. The...

  • MARY KRAMER: Higher ed takes a beating at luncheon.  // Crain's Detroit Business;2/24/2003, Vol. 19 Issue 8, p9 

    Reports that audience at the joint Women's Economic Club-Detroit Economic Club luncheon favored cuts in funds for higher education to help overcome budget deficit for fiscal year 2003-04 in Michigan. Response of the audience to possibility of reduction in funding for K-12 education; Shortfall...

  • Mich. Lawmakers Reach Deal on K-12 School Budget. Sack, Joetta L. // Education Week;9/15/2004, Vol. 24 Issue 3, p24 

    This article informs that a last-minute deal has assured Michigan school districts that they will receive a slight increase in funding in the new fiscal year that begins on October 1, despite the state's $1.2 billion budget shortfall. While most Michigan districts were slated to receive a...

  • Kent To Lose $1.1M From State. Czurak, David // Grand Rapids Business Journal;12/22/2003, Vol. 21 Issue 51, p3 

    Reports on the revenue sharing funds to be received by Kent County, Michigan in 2004. Reason for the decline in revenue sharing funds; Impact of the budget reduction initiative of Michigan Governor Jennifer Granholm.

  • State weighs possibility of $200M budget problem. Lane, Amy // Crain's Detroit Business;4/5/2004, Vol. 20 Issue 14, p6 

    Michigan state officials last week said that a $200 million shortfall in the state's budget for the current fiscal year could be possible, because revenue has flowed into state coffers at a lower rate than expected. But what to do next is in sharp dispute. One option is the enactment of Governor...

  • Transportation Commission to Weigh in on $12M of Detroit Airport Bonds. Carvlin, Elizabeth // Bond Buyer;3/3/2003, Vol. 343 Issue 31584, p4 

    Reports on the plan of Michigan governor Jennifer Granholm to issue $12 million revenue bonds. Utilization of the proceeds from the bonds; Measures to reduce the state's deficit in fiscal 2003 budget; Proposed date for the state's budget for fiscal 2004 to be tabled.

  • Triumph, then a storm. Lane, Amy // Crain's Detroit Business;1/20/2003, Vol. 19 Issue 3, p1 

    Reports on efforts of Governor of Michigan state Jennifer Granholm, to overcome the budget problems in the fiscal year 2002. Tax strategy followed by Granholm; Plans to appoint economic advisers to encourage business in Michigan; Appointments made by Granholm in state departments.

  • Capitol hits brakes on tax plan. Lane, Amy // Crain's Detroit Business;4/14/2003, Vol. 19 Issue 15, p3 

    This article discusses the tax proposals under which about$ 100 million in business-and income-tax changes are sought by Gov. Jennifer Granholm. The U.S. Senate and House tax-committee chairs, beginning scrutiny of the$ 129 million in tax changes that the administration wants, said last week...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics