Rick Scott's budget proposals would hurt Florida schools, Moody's says
Moody's Investor Services says Florida Gov. Rick Scott's budget proposal would negatively affect the state's school districts' credit.
"As proposed, the budget will likely require personnel reductions and seriously impede the ability of school districts to meet state-mandated class size reduction," Moody's stated, further observing that the state has one of the nation's lowest corporate tax rates.
Scott told Reuters his policies would help Florida.
"I'm very comfortable that the things we are doing are things that will make this state a long term success," he said. "If you look at my business history, I've tried to put the companies I've been involved with in better financial shape. I'm trying to do the same thing for the state."