The House-Senate conference report for the FY 2002-2003 Department of Career Development and the Michigan Strategic Fund budgets. This appropriates $605.9 million in adjusted gross spending (funded from all sources, including special state restricted fund and federal pass-through dollars, minus interdepartmental transfers), compared to $706.2 million, which was the FY 2001-2002 amount enacted in 2001, excluding any supplemental appropriations. Of this, $64.5 million will come from the General Fund (funded by actual state tax revenues), compared to the current year’s $91.0 million. The conference report includes a number of specific line item cuts, but states that these would restored if a tobacco tax is approved. It also provides for a one percent department-wide operational expenses cut, with the specifics to be determined by the department, and reflects savings to come from a state employee early retirement pension enhancement program. There are actual cuts in some programs funded by the budget, and some funding source shifts from state to federal dollars.