WEB EXTRA: Granholm sets looming deadline to resolve state budget crisis
Gov. Jennifer Granholm has set June 1 as a deadline for the Michigan House of Representatives and Senate to come together with the governor's office to reach an agreement as to how to remedy Michigan's financial situation. Michigan is facing an $800 million deficit for the 2007 fiscal year, and with the end of the year approaching, the pressure is on to find a solution to the state's budget crisis. House Democrats, along with Granholm, have been pushing for a solution consisting of a combination of comprehensive reforms, cuts and additional revenue, most likely through taxes. "Obviously, it is a huge, huge deficit," said Liz Boyd, spokeswoman for Granholm.