BLOG: Governor to deliver State of the State address Wednesday

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Gov. Jennifer Granholm will give her eighth and final State of the State address Wednesday at 7 p.m. to a joint session of the Michigan Senate and House of Representatives.

It will be the second of three speeches Granholm will have delivered in a two-week time span.

Wednesday, Granholm will focus on economic diversification and the initiatives she’s taken in corroboration with the legislature to facilitate job growth in various sectors including, advanced manufacturing, alternative energy, life sciences, defense and homeland security, the film industry and tourism.

She’ll most likely talk about what she’s accomplished and what she hopes to see carried out in 2010 and after she’s term-limited out of office.

Granholm spoke at the Lansing Rotary Club on her proposals to transform Michigan’s government on Jan. 29. During that speech, Granholm revealed her four-step plan to further transform Michigan’s government with the intent to save $450 million in the first year of its implementation.

The four steps include further reducing the structural deficit, facilitating local government and school service sharing and consolidation, enhancing accountability in state government and improving the management of state finances.

The speech was multi-faceted and full details can be seen here: http://www.michigan.gov/gov/0,1607,7-168-55273-230618–,00.html

Granholm will present her Executive Budget recommendations for Fiscal Year 2011 on Feb. 11. Granholm will use revenue estimates from the Jan.11 Revenue Estimating Conference to develop her recommendations.

The Consensus Agreement on economic and revenue figures culminated from that conference between State Treasurer Robert J. Klein, Senate Fiscal Agency Director Gary S. Olson and House Fiscal Agency Director Mitchell E. Bean estimated the net General Fund-General Purpose revenue to be $6.968 billion, the net Student Aid Fund revenue to be $10.481 billion and the state budget deficit to be $1.725 billion for the 2011 Fiscal Year which begins Oct. 1, 2010.

Following the report, State Treasurer Kleine said in a press release that he doesn’t expect State revenue collections to exponentially grow until early to mid-2011 “despite growth in the national economy over the last half of 2009 and an increase in Michigan employment in two of the past five months.”