Crist budget-gap plan: Lots o' borrowing
Gov. Charlie Crist has sent his letter to House Speaker Ray Sansom and Senate
President Jeff Atwater outlining his plans to close the $2.3b budget gap. The
big picture items are nearly identical in type and amount to what we
reported last week.
The list is below
According to the letter, the Legislature can balance the budget with a
variety of cuts and budget transfers:
• $561.5 million by approving a 4 percent across-the-board agency budget cut
that Crist ordered earlier this year without legislative sign off. The cuts take
just $13 million from health services because Crist said he wants to spare ''the
most vulnerable Floridians.'' K-12 education is cut the most: $370 million.
• $325.3 million by culling unspent money in 37 different special trust fund
accounts established for anything from controlling invasive plants to helping
disabled travelers to coordinating drunken-driving prevention schools.
• $135 million in earnings from the Seminoles gambling compact that the
Legislature has yet to approve.
• $290.3 million by tapping the budget stabilization fund. This would leave
just $424 million in this savings account of last resort.
• $600 million by tapping the Lawton Chiles Endowment Fund. Depending on how
the money is accounted for, this withdrawal would leave about $530 million to
$765 million in the annuity, which funds programs for poor kids and seniors.
• $88.9 million by using unspent construction money, or by bonding
construction that was to be built with cash.
• $314 million by bonding prison construction. As of Thursday morning, the
state was holding 100,000 prisoners, underscoring the need for more prison
beds.
Most Recent Blog Posts
About the blog
For Florida political news today, the Buzz is your can't-miss-it source. Tampa Bay Times writers offer the latest in Florida politics, the Florida Legislature and the Rick Scott administration. Keep in mind: This is a public forum sponsored and maintained by the Tampa Bay Times. When you post comments here, what you say becomes public and could appear in the newspaper. You are not engaging in private communication with candidates or Times staffers.
E-mail Times political editor Adam Smith: asmith@tampabay.com
Advertisement
Most Popular Categories
ON TWITTER
SPECIAL REPORTS
- Gov. Rick Scott
- Sen. Marco Rubio
- Inside the Gov. Scott's inner circle
- State government: All checks, no balance
SITES OF INTEREST
POLITICAL LINKS
- Republican Party of Florida
- Florida Democratic Party
- Division of Elections
- State of Florida
- State legislature
- Campaign contributions
- Federal campaign contributions
TIMES COLUMNS
- Tallahassee Bureau Chief Steve Bousquet
- Political Editor Adam C. Smith
- Senior correspondent Lucy Morgan
REAL CLEAR POLITICS BLOG
POLITICS HEADLINES from the AP
Comment Policy
| Please be sure your comments are appropriate before submitting them. Inappropriate comments include content that: |
| Is libelous |
| Is abusive, harassing, or threatening |
| Is obscene, vulgar, or profane |
| Is racially, ethnically or religiously offensive |
| Is illegal or encourages criminal acts |
| Is known to be inaccurate or contains a false attribution |
| Infringes copyrights, trademarks, publicity or any other rights of others |
| Impersonates anyone (actual or fictitious) |
| Solicits funds, goods or services, or advertises |
| Tampa Bay Times does not edit posts but reserves the right to delete comments that violate our policy. |
Registration FAQ
| Read our Frequently Asked Questions on how to register to comment on the site. |
