State Budget Hole Deepens

TALLAHASSEE (2009-03-13) -

State economists got together today and came up with some more bad news. Florida's budget deficit, which had been estimated to be around $6 billion, may be up by another billion. And that number could rise by more than $2 billion next year.

Lawmakers in Tallahassee have been planning for a budget deficit of at least $5 billion. Gov. Crist's proposed budget would plug that hole with federal economic stimulus money. He wants to spend $3.6 billion in stimulus funds during the upcoming year.

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