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Budget Worse Than Predicted

March 31st, 2008 by flanews

The state House released its budget proposal for next year and lawmakers say the deficit is even worse that previously predicted. Earlier this year a revenue estimating committee forecasted a 3 billion dollar shortfall. The new budget proposal prepares the state for a 5 billion dollar deficit. House Speaker Marco Rubio joined speaker designate Ray Sansom to answer questions about their budget proposal.

We have a pattern now of not generating a little bit less revenue than what was anticipated through our estimations, so if thats the case then lest be reasonable, said Sansom.

The new budget also gives the governor access to tap into a portion of the states rainy day funds.

Posted in State Budget, State News | 1 Comment »

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