TALLAHASSEE, Fla. (AP) - Gov. Charlie Crist wants to tap $672 million from a budget reserve fund to help make up another state revenue shortfall.
Crist made the request Friday under a new law passed this year.
It allows the Legislature Budget Commission, with members from
both chambers, to use up to half of the $1.3 billion budget reserve
to offset such a shortage. Also, the law allows borrowing $1
billion from the state's tobacco settlement fund.
Crist did not seek any tobacco money, and the reserve will cover
only about half of a $1.47 billion budget gap. The governor wants
to wait until he gets a new revenue forecast in November before
taking any further action.
(Copyright 2008 by The Associated Press. All Rights Reserved.)