The Miami Herald reports that Florida’s sagging economy is giving lawmakers $2.9 billion less than they expected. State economists said Tuesday that all state revenues — from sales taxes to documentary stamp taxes to corporate income taxes — have fallen sharply behind forecasts. Many warned that the outlook will not likely improve until at least 2009. Read State faces even larger budget shortfall.
Meanwhile Gov. Charlie Crist is working on being John McCain’s running mate. And the Florida Senate wants to ban droopy draws (Full Senate takes up bill on droopy drawers ).
