August 5, 2008
TALLAHASSEE - Florida' sagging economy will push state government back into the red this month and force Gov. Charlie Crist to either further cut spending or tap deeper into the state's reserves.
Florida's sales and real-estate tax revenues have continued to plummet this year, forcing Crist in June to order all state agencies to hold back 4 percent of the $25.7 billion operating budget for the fiscal year that began July 1.
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