Today, the House and Senate Fiscal Agency directors and the State Treasurer agreed on revenue figures for the next year which will be used to develop the next state budget. Based on the current FY, the hole for FY 2012 will be $1.8 Billion. The School Aid Fund is expected to have a balance of $528 million for 2011 and $672 million for FY 2012. Some taxes are estimated to increase and economists said the they expect the 4th quarter of 2010 to be the bottom of the state economy.

Summer Minnick is the Director of State Affairs for the Michigan Municipal League. She can be reached at (517) 908-0301.

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