Caption: Budget DeficitState CashBy JAMES N. CRUTCHFIELD AND TIMOTHY M.JONESFree Press Staff WritersA Michigan Financial Crisis Council appointed by Gov.Blanchard estimated the state's budgetdeficit at $750 million Friday and warned that a serious Cash-flow problem could leave the State unable to pay its bills as soon as next month."The danger is so grave that the governor must not hesitateLonge, left, and McCarthy, whose report beseeched the governor "to call upon all the state's resources . to restore the promise of Michigan's future."Patricia Shontz Longe, University of Michigan economist and private consultant: "The bottom line is that ice have to attract capital and permit people to keepcapital once they are here.
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