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Reply #2: Update: Tally newspaper calling for looking into FL financial problems [View All]

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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-13-08 03:58 PM
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2. Update: Tally newspaper calling for looking into FL financial problems
Wednesday's Editorial: Sink's call for special session makes sense

Lawmakers will meet in Tallahassee next week for their organizing session and swearing in of new members. Ms. Sink is urging them to address the situation if not then, soon, indicating it cannot wait until the March 2009 regular session in part because of certain rules governing repayment to trust funds.

Florida TaxWatch is also urging a special session in conjunction with next week's ceremonial assembly, but primarily to clarify portions of the state's corporate income tax law that could unintentionally cause businesses to lose depreciation deductions.

Florida's revenue shortfall is expected to continue to spiral downward, according to state economists. The public services that help define our quality of life and provide a basis for economic growth public schools and universities and the ones that measure our compassion and decency health care for the needy are at further risk.

Cuts in education spending are expected to be followed by more cuts, and education officials face having to close under-utilized neighborhood schools. Health-care advocates for the poor, too often forced to settle for crumbs, face having to settle for even fewer crumbs.

Yet, because of a failure of political leadership spanning many years and administrations, Florida lawmakers have avoided tackling meaningful revenue reform that would soften the blow in bad times without substantially restraining economic growth when times were good.

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