CHICAGO — Michigan Gov. Jennifer Granholm proposed a series of programs to spur job growth that would be funded through refunding and restructuring of existing debt as well as new borrowing and by dipping into the state’s $35 billion pension fund.

Granholm, who made the proposals in her state of the state address this week, will present her full budget next Thursday to the Legislature. She told lawmakers that it would include about $200 million in spending cuts, a $100 million infusion into the rainy-day fund, and no tax increases.

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