It is being reported that the special legislative session that was to take place on September 18 to tackle budget cuts has now been postponed. This is because Governor Crist and legislative leaders cannot agree on a basic strategy. Everyone in the capital agrees that there will be a fall session, they just have not given us any concrete date.
The government says that the need for cuts is mainly a result of the current housing market slump. The state estimates that there will be a shortfall of 1.1 billion dollars this budget year unless cuts are made.
The state Senate is leaning toward making a 4% across the board cut in expenditures, while the House wants to target specific departments and programs.
Considering how "well" the insurance reforms have worked, and how big a mess the proposed property tax reforms could very well turn out to be, it will be interesting to see what Tallahassee will come up with this time. Who will have to fall on the sword? Education, public safety, transportation, etc? Why do I have the feeling that next year a lot of us will feel that we are not as well off as we are this year? I sincerely hope I am wrong.
John Elwell - REALTOR
Bill Nye Realty, Inc.
Licensed in Florida