Michigan Gov. Granholm to order budget cuts

Tools

By SBT 24/7 News

Story Created: Dec 7, 2008 at 5:21 AM EST

Story Updated: Dec 7, 2008 at 5:21 AM EST

LANSING (AP) — Michigan Gov. Jennifer Granholm plans to issue an executive order making budget cuts next week.

The Democratic governor wrote a letter to lawmakers late Friday saying her budget director will unveil proposed spending reductions Wednesday.

State officials have concluded tax revenues will be $540 million less than earlier projections.

Money left over from last budget year will lessen the problem, but the state's general fund still will be short an estimated $240 million this fiscal year.

The House and Senate appropriations committees must approve the executive order for it to take effect.

Tax revenues are down because the economy is struggling, especially the auto industry.

More Good Stuff

WSBT Weather

Current Temp 46.4

More Weather

WSBT Weather

More Weather

On Demand

iPhone
Get the WSBT News and Irish Sports Report apps for your iPhone! Read more »
On DVD
Order a DVD of a WSBT news story! Read more »
Twitter
Follow us on Twitter! Read more »
Facebook
Connect with us on Facebook! Read more »
WSBT E-News
Daily StormTracker e-mails right to your Inbox! Read more »
Video On Demand
Miss a story on WSBT News? Watch it here! Read more »
CBS Shows
Watch CBS shows and news online, free! Read more »
WSBT Alert
Breaking News & Weather right to your cell phone! Read more »
Mobile
WSBT News on the go for your cell phone or PDA. Read more »
RSS Feeds
Get news and updates as soon as they're published. Read more »

Stock Quotes

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.