TALLAHASSEE, Fla. (AP) - Florida legislative leaders have called a special session Jan. 5-16 to deal with a $2.3 billion budget deficit.
The budget for the current fiscal year, which began July 1, is in the red because sales and other tax revenues have fallen short due to the sagging state, national and global economies.
House Speaker Ray Sansom and Senate President Jeff Atwater issued the call Monday.
They said the Republican-controlled Legislature will try to balance the budget through spending cuts and transfers from trust funds. Trust funds are supported by certain revenues earmarked for specific purposes such as gasoline taxes for road building and utility taxes for school construction.
(Copyright 2008 by The Associated Press. All Rights Reserved.)