Granholm floats early retirement plan to help budget crisis

From the AP:

LANSING, Mich. (AP) — Gov. Jennifer Granholm is proposing a plan to entice eligible state government workers and public school employees to retire. It’s part of an effort to save money for the cash-strapped state.

Granholm spoke about her plan Friday during a speech to the Lansing Rotary Club. It’s one of several priorities for the Democratic governor during her final year in office. She says it could save around $450 million in its first year.

Other changes include a consolidated health care plan open to all public employees.

Granholm will detail more proposals during her State of the State speech and her final budget proposal in early February.

Michigan faces a budget deficit of at least $1.6 billion for the fiscal year starting Oct. 1.

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