The state's top economists will get together tomorrow morning to figure out just how deep of a financial hole Michigan is in right now.
The annual revenue-estimating conference will set the official numbers lawmakers have to use the balance the budget.
The house and senate fiscal agencies are projecting tax revenue will be $200 million less than expected for the current year and $305 million for next year.
That's because retail sales and corporate profits are down.
We'll be covering the conference tomorrow and will have updates on air and online.