CFO Alex Sink held a press conference on Wednesday to talk about the need for a special session, as all reports indicate that the budget deficit is only continuing to deepen with less money coming in than expected.

“The moment is now,” she said. “The election is by and we know who the new legislators are. . .the moment to act and a build a plan of action is right now.”

She additionally highlighted a problem with borrowing money from the Lawton Chiles Endowment Fund, whose investment she helps supervise

as a trustee of the State Board of Administration.

She said that the fund is locked into long-term investments and that it’s taken a monetary investment hit, meaning there’s less in available cash to use than there might have been several months ago.

“We can’t just go in there and say, send us a billion dollars,” she said.

She said she’s against across-the-board-cuts and thinks the Legislature should consider raising fees, like the licensing fees that her office collects.

Original post by Jennifer Liberto