Florida governor asks for big budget cuts

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Rick Scott waves to the crowd near the end of his victory rally in Ft Lauderdale, Florida, November 3, 2010.

Credit: Reuters/Andrew Innerarity

EUSTIS, Florida | Mon Feb 7, 2011 2:33pm EST

EUSTIS, Florida (Reuters) - Florida's new governor on Monday proposed slashing state spending by more than $5 billion while cutting taxes by more than $4 billion over two years.
Republican Governor Rick Scott also said at a gathering of Tea Party activists in rural central Florida that healthcare reforms in his budget proposal would save Florida's hard-pressed state government nearly $4 billion over two years, according to a news release. Florida's budget now runs about $70 billion annually.