Tampabay.com
DECEMBER 23, 2008

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.

Download
2008.12.23 Letter 2008-09 Budget.pdf

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