Admin

More Fla. revenue shortfalls threaten deficit plan

By
Real Estate Broker/Owner with Exit Realty Premier

More revenue shortfalls are threatening Florida's deficit-elimination plan.

But Gov. Charlie Crist said Wednesday that more spending cuts may not be needed if state lawmakers would agree to expand gambling at Seminole Indian casinos and if Congress quickly sends Florida billions of stimulus dollars.

Crist noted the tribe this week upped the ante to $288 million that the state could use immediately if the Legislature approves a proposed gaming compact.

The governor last week signed a $2.5 billion deficit-reduction package with a $200 million cushion against additional revenue declines before the budget year ends June 30.

That's not enough, though, to cover $244 million in December and January shortfalls.

Exit Realty Premier Properties
8918 W. Lantana Rd, Suite 2
Lake Worth, FL 33467
(561)967-3948