September 11, 2008
TALLAHASSEE - A legislative budget panel on Wednesday drained $672 million from Florida's reserve accounts to keep running a state government awash in red ink.
The move by the Legislative Budget Commission, urged by Gov. Charlie Crist, isn't a final fix. When legislators meet again in November, they will have to patch the remainder of the state's $1.5 billion shortfall -- which will require about $795 million more in spending cuts and savings transfers.
To read the rest of this article, click here.
