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Florida's economy by Mind Map: Florida's economy
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Florida's economy

Legislature passes $2.8 billion in budget cuts

Crist vetoes $365 million in cuts

Florida could miss out on $2.7 billion in federal education funding

Florida also is still fighting for about $2.7 billion in education funding in the stimulus package. To qualify for the money, states must fund schools at least at the level they did in the 2005-06 school year. Florida"s state funding is now below that level. However, U.S. Education Secretary Arne Duncan could waive that provision for states that have had serious revenue declines, as Florida has. Crist has already asked him to do just that, although it"s uncertain when that decision gets made.

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Florida expects $12 billion in federal stimulus

$3.2 billion would come in during the next four months

Most of the money cannot replace state spending