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Bigger budget breach than expected

by Dara Kam | December 7th, 2010

State economists gave lawmakers the bad news this morning that Florida’s budget gap is expected to grow by as much as $1 billion.

The News Service of Florida filed this report earlier today:

Amy Baker, executive director of the Legislature’s Office of Eeconomic and Demographic Research, told the Senate budget committee that revenue estimators are likely to downgrade the state’s budget picture when they meet next Tuesday.

“We are starting to show improvement year over year,” Baker said. “It’s just not as strong as we’d hoped for.” Tax collections were $136 million short of expectations for the three months ending in October, with November’s findings still not final but on track to fall another $100 million down, Baker said.

Meanwhile, Medicaid forecasters will meet Friday and Baker warned, “the number is going to be big.” House budget staff on Tuesday told House members that the shortfall was on track to hit about $3.5 billion — up from the earlier $2.5 billion level.

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5 Responses to “Bigger budget breach than expected”

  1. comoelsol Says:

    gotta show washington we can do this without raising taxes. somebody’s got to

  2. Unreal Says:

    Hey guys, maybe you should have tried a little harder to get paid by BP for the massive amount of losses incurred. Alex, Charlie, Bill, and the rest were all too busy campaigning for their lives while they let Florida’s economy go down the drain.
    Lot of good those letters did the state. Maybe they should have insisted that Obama force BP to pay the state instead of letting Mr. Feinberg control our destiny. Or maybe they could have done what was good for the state instead of their own personal campaigns.
    Now we get stuck with BP friendly Rick Scott who seems to want to give them a pass.
    Maybe Pammy will do the right thing and get active. At the very least charge them with the $1billion additional shortfall.

  3. Oh Please Says:

    And Palm Beach County is still handing our raises, get a load of this.,0,350677.story

  4. Follow The Money Says:

    And when we don’t have any money all the blood suckers will be gone! Its just like the bird feeders and the squirrel feeders, cut off the supply and they disappear! Florida’s state and local governments have loaded up on bureaucratic blood suckers in the last 6-8 years during the times of flowing money! They money is drying up! these blood suckers now devise all kinds of survival schemes to continue their blood flow required for survival. The problem is they let their greed get out of control and they now think they are worth more than the taxpayers can afford to pay! The result is bankruptcy! Wouldn’t it be better to back off and bite the bullet and let’s all survive this depression intact! Failure to do so will ultimately result in no money to follow!

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