August 16, 2008
TALLAHASSEE - Record plunges in state revenue are punching a $1.5 billion hole in the state budget this fiscal year, triggering emergency authority for Gov. Charlie Crist to dig into state reserves.
It also could force more cuts to education, health care services and other parts of the $66 billion state budget, which is already $6 billion less than the budget lawmakers passed in May 2007.
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