LANSING - Time is running out for state lawmakers to soften the latest round of funding cuts to Michigan schools.

Legislators have been studying what they could do to help offset a $127 per student funding cut ordered by Gov. Jennifer Granholm.

The cuts will be reflected in checks sent to schools Dec. 20 unless lawmakers agree in the next 10 days or so on a way to raise enough cash to eliminate the reduction.

It appears more likely that lawmakers will try and restore the cuts in early 2010, after the cuts take effect.

The Republican-led Senate plans to take action this week on measures that would help Michigan compete for up to $400 million in federal Recovery Act money by making changes in state law, including allowing more charter schools.