More Budget Cuts Likely For Florida

Florida Financial Crisis The Senate's budget leader says Florida won't get enough federal stimulus money to avoid more budget cuts.
by The Associated Press
Published: Mon, February 09, 2009 - 4:56 pm CST
TALLAHASSEE, Fla. (AP) - The Senate's budget leader says Florida
won't get enough federal stimulus money to avoid more budget cuts.
Ways and Means Committee Chairman JD Alexander told his panel
Monday that additional revenue shortfalls appear certain.
Florida's state and local governments stand to get at least $13
billion in stimulus money spread over three budget years, including
the current one that runs through June 30.
Alexander, though, says this year's budget may drop into the red
by more than $300 million and he expects a $5 billion budget gap
next year.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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