The Real Deal Miami

State budget constraints put community projects on hold for third straight year

October 06, 2009 03:09PM

As declining state revenues continue to plague Florida, funding for community projects has been put on hold for the third straight year. In a memo this morning, state House Speaker Larry Cretul of Ocala told lawmakers that budget constraints will again prevent local project proposals from becoming reality through government financing, and that they will not be able to request funds this year. “We again hope to avoid creating unrealistic funding expectations in our communities given the continuing decline in expected state revenues,” Cretul wrote.