Monday, May 4, 2009

Get ready for more taxes, less service from $65B Florida budget deal

"A few days late and a little worn out, Florida legislators finally reached an accord Monday on how to balance the proposed $65 billion state budget that touches every life in the nation's fourth most-populous state."

"The budget raises an historic amount of taxes, fees and licenses -- about $2 billion worth -- on smokers, drivers, property owners, sportsmen, university students and sportsmen."

"Pumped with $5 billion in federal bailout cash, the budget provides a small boost in per-student spending for K-12 schools, and trims a wide array of Medicaid reimbursements to doctors and hospitals and applied a 2 percent reduction to the salaries of state workers earning more than $45,000 yearly."

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