Make us your home page

The Buzz

From the staff of the Tampa Bay Times

Debt deal may hurt Florida budget



110812_fl_budget_graphic.jpgSource: State of Florida                                                                           DARLA CAMERON | Times

The federal debt debate that has divided Congress and disrupted financial markets next could affect state budget writers.

Florida's credit rating appears safe with Standard & Poor's giving it a boost in July and Republican leaders in the Legislature crafting recent budgets with warnings from financial ratings agencies ringing in their ears.

But the debt deal in Congress includes $2.1 trillion to $2.4 trillion in cuts over the next decade, which could trickle down to Florida where federal spending remains the state budget's largest source of money.

Story here.

[Last modified: Friday, August 12, 2011 1:50pm]


Join the discussion: Click to view comments, add yours