Michigan's state government budget crunch shouldn't be nearly as bad this year as it was in the recent past.
But after a Friday meeting of some of the state's top fiscal analysts, it appears the budget may not yet be completely out of trouble. The problem is a struggling economy that could cut into tax revenues well into 2009.
The budget for the fiscal year that started in October may not have a deficit of any substantial size, thanks in large part to recent tax increases.
A roughly $350 million dollar surplus from last fiscal year could fill a revenue shortfall now projected for this fiscal year.