The compromise budget bill passed by the Michigan Senate on Thursday and the House on Friday will be signed by Gov. Jennifer Granholm, the Detroit News reports. The House, however, did not give that bill immediate effect when they passed the bill this morning, so it may be next week before the bill is signed. The legislature still needs to pass a revenue bill to make up for the $100 million in cuts eliminated by the compromise budget.

With the K-12 funding bill in place, the remaining hurdles to a completed and balanced budget are the higher education bill, which includes the elimination of the Promise Scholarship; the general government operations bill, which includes steep cuts in revenue sharing; and a Department of Human Services bill that includes steep cuts in Medicaid reimbursement. The House passed a bill to make up for the Medicaid cuts but that bill is unlikely to pass the Senate.