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Billion dollar shortfall could lead to budget cuts

Less than two months after state lawmakers passed a new budget, Gov. Charlie Crist, and maybe even the Legislature may be forced to cut it. Tax collections have consistently fallen beneath projections with analysts now predicting the shortfall for this fiscal year _ which ends on Saturday _ and next fiscal year will be $1.2 billion.

Crist's office and legislative leaders have already discussed the prospect of ordering state agencies to trim spending in the new $71 billion budget that takes effect on Sunday. More here.