Michigan is expected to successfully navigate through future budget deficits due to its fairly conservative revenue estimates and continued strong budget management, according to a report released last week by Standard & Poor’s.

“While significant uncertainty remains regarding the impact of the ARRA [American Recovery and Reinvestment Act] and the extent of further deterioration of the Big Three automakers, we expect that should any additional negative economic events transpire, the revenue consequences would be spread over a period of several years,” wrote analyst Jane Hudson Ridley.

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