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SCHOOL FUNDING CUTS PREDICTED IN MICHIGAN. A new Senate Fiscal Agency report estimates that state tax revenues will be lower than anticipated for the 2012-2013 fiscal year, according to the Battle Creek Enquirer. The report estimates that revenues during fiscal year 2013 will be 1. 9 percent smaller than expected 2012 revenues, the Enquirer reported. Is the NRA missing the point? December 22, 2012.