CHICAGO -- After months of on-again, off-again negotiations, state leaders in Michigan on Friday agreed on a plan to bring the deficit in the fiscal 1991 general funds budget down to about $15 million.

However, the agreement did not cover an unresolved issue involving a solution to the capital acquisition deduction portion of the state's single business tax. Without a solution, the state would lose $300 million in tax revenues this year, according to state finance officials.

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