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From the staff of the Tampa Bay Times

Davis: Smith raided CAT fund



The final day of Rod Smith's bus tour brings another jab from the Jim Davis campaign. It asserts Smith voted with other lawmakers to "raid" $20-million from the hurricane catastrophe fund in 2001, resulting in higher insurance rates.

"As part of his plan to provide a “major financial incentive” to insurance companies, Smith said he wanted to increase the amount of money in the Hurricane Catastrophe Fund and proposed increasing it by directing sales tax revenue from hurricane rebuilding efforts into the fund. [Smith hurricane plan, released 7/10/06]."

Smith's camp called it "nothing but more Washington political spin from the Washington political insider -- Congressman Jim Davis. The measure the Congressman misleadingly cites today was a small piece of the overall state budget that included $82 million for Everglades restoration among other things such as education and healthcare. Rod Smith is the only candidate for governor who has a plan to permanently fund the state's CAT Fund, and his hurricane insurance plan is the only plan that will actually lower homeowners' insurance rates."

[Last modified: Wednesday, September 15, 2010 3:08pm]


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