Gov. Jeb Bush Mulls Veto of Funding for Florida High-Speed Rail

Sigo, Shelly
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p4
Trade Publication
Jeb Bush must approve Florida's $53.5 billion budget before the end of June 2003, and while he hasn't taken any action on it yet, he has indicated he may veto funds for a voter-mandated high-speed rail project that could require nearly $3 billion in public financing. The budget lawmakers sent to the governor also includes authorization to increase the issuance of turnpike transportation revenue bonds to $4.5 billion from $3 billion. It also authorizes $300 million of revenue bonds for the Florida Forever environmental land-purchase program, $100 million of debt for other transportation projects, and $75 million of bonds to buy a new accounting system for the state. Voters approved another constitutional amendment last November ordering the state to reduce the size of public school classrooms over an eight-year period starting in fiscal 2004.


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