Tuesday, December 26, 2006

Governor: State faces $1B budget shortfall

Gov. Jennifer Granholm will start her second term next month much as she started her first, wading into a sea of red ink that will force spending cuts and other measures to balance the budget.

The Democratic governor on Thursday warned during her traditional year-end news conference that the state needs to come up with at least $1 billion to balance this year's and next year's budget.

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