Governor Charlie Crist

Gov. Charlie Crist has proposed spending cuts, sweeping trust funds for extra money, using Seminole gambling money and borrowing to build prisons to meet a projected $2.3 billion shortfall in the state’s spending plan.

The Legislature is set to meet in special session starting Jan. 5 to fix the budget. An economy in recession and a burst housing bubble has continued to drain tax revenue.

Crist’s proposal, released this afternoon, includes $561.5 million in spending cuts.

It pulls extra money from a variety of sources. The biggest is $600 million from the Lawton Chiles Endowment Trust Fund, set up with a portion of proceeds from the state’s settlement in tobacco litigation.

Read the rest of the post here: Crist proposes cuts, sweeps to make up $2.3 billion gap

Since the holidays fall on Thursdays, the governor said, a lot of employees use a vacation day for a long weekend. But with the state budget tightening, excluding any pay raises or other improvements in benefits over the past few legislative sessions, Crist said he wanted to show appreciation for state workers.

He also paid tribue to state Rep. Michelle Rehwinkel Vasilinda, D-Tallahassee, who suggested the paid time off. She joined Crist at a news conference and said she’d tried for a week or two, but was glad to get employees the two days.

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