Budget projections worsen in Florida02/13/08 Mitch E. Perry
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Florida's revenue picture continues to worsen.
The St. Petersburg Times reported today that preliminary figures show January's tax collections will be at least $138-million below previous estimates, to put the cumulative shortfall for November, December and January at about $230-million.
State Sen. Charlie Justice says he hopes the Taxation and Budget Reform Commission will realize that Florida needs to diversify the way it collects revenue.
When the state Legislature returns to Tallahasee later this winter, members must cope with a $2-billion budget deficit before they try to address funding all of the issues and programs that the state lacks.
Justice, a Democrat, says there are places in the budget to cut, but too many lawmakers aren’t ready to make sacrifices.