(Lansing, MI)  --  Michigan's long-term economic crisis remains bleak, according to experts at a forum for business and civic leaders.  Senate Fiscal Agency Director Gary Olson told the Business Leaders for Michigan summit in Lansing that the shortfall will be felt in late 2011 when stimulus funds are gone.  Continuing rises in Medicaid and prison costs will take up more than half of the general fund.  Tax cuts scheduled over the next two years will compound the funding problems with a deficit of more than one-billion-dollars in 2012.  Experts pushed for a combination of tax increases and spending cuts to solve the imbalance. 

-Metro Source