Senate getting briefed on Fla. budget deficit

By: Associated Press
By: Associated Press

TALLAHASSEE, Fla. (AP) - The full 40-member Florida Senate is
getting briefed on the state's declining revenues and its $2.14 billion budget deficit.

Senators will gather Wednesday in a large committee room for the unusual meeting on the state's financial predicament.

State economists last month reduced their general revenue estimates for the current year by $1.4 billion and for next year by $2.3 billion.

The new figures reflect the worsening condition of state, national and global economies since their last forecast just three months earlier.

After Wednesday's briefing, a select committee looking for ways to boost the state's economy and balance the budget will hold its first meeting.

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