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CFO Calls For State Spending Cuts

December 4th, 2008 by flanews

Floridas Chief Financial Officer says lawmakers shouldnt rule out taxes as a source of revenue to balance the budget. Florida is facing a two billion dollar deficit.

Lawmakers could be called back to Tallahassee as early as January to fill the budget hole. CFO Sink said lawmakers should look at eliminating tax loopholes and other tax options, but only after they cut state spending.

I think we should do like any family would do: sit down around the kitchen table and say what are the bills we have to pay. What are the ones that are discretionary and what are the luxury items and be sure that we cut out all the luxury items and have some conversations about the things that are discretionary and impact people, said Sink.

Governor Charlie Crist says hes waiting on an agreement among legislative leaders before he makes a decision about a 40,000 dollar a day special session.

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