November 6, 2008
TALLAHASSEE, Fla. -
Incoming House Speaker Ray Sansom said he expects Florida's budget deficit to increase by another $700 million, but still believes a special legislative session won't be needed to address the shortfall.
Forecasts by state economists have consistently underestimated state revenues over recent years due to a worsening economic slump. They expect the revenue estimate to drop again when they next meet Nov. 21 to revise the figure.
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