The reports from Tallahassee are that since March, the state has taken in millions less in sales taxes than it anticipated. The state collected nearly $300 million less sales taxes than expected for the months of March, April and May.
The budget shortfall could be as much as $1.2 billion – $400 million for the current year, and another $800 million for the fiscal year that begins July 1. This is why Gov. Crist is considering another special legislative session in September.