The AP is reporting that the SBA is meeting today to try and borrow more money from the Chiles fund. As we’ve said before Alex Sink is worried this may wipe out the fund that has taken a serious hit from the Bush economy.
Will Charlie get his way and keep borrowing money until March? We shall see, but more and more people are seeing the need for a special session.
The Orlando Sentinel penned an editorial arguing for a special session and explains where Charlie Crist’s lazy leadership might get us:
[T]his combination of using reserves and across-the-board spending cuts to balance the budget is neither prudent nor smart. Depleting savings this year will leave fewer resources if the economy doesn’t rebound next year, or if a major hurricane or other disaster strikes Florida. Cutting state-agency budgets across the board makes no distinction between high- and low-priority functions of government … The more time they waste, the harder it will be on everyone who counts on state services.
There is no question that Florida has a serious budget problem and we need serious leaders that are ready to fix it. Alex Sink is, but Charlie would rather keep borrowing Florida into a worse financial situation.