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FL: State Board Freezes $15B Fund

Indeed, an interesting debate will no doubt be unfolding between the State of Florida and its municipalities.

The decision by the State Board of Administration means cities and counties cannot withdraw cash from the fund until next week at the earliest. The board is made up of Crist, Chief Financial Officer Alex Sink and Attorney General Bill McCollum.

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1 Comment

  1. Comments  State News Shot » FL: State Says $3 Billion Can be Pulled From $12 Billion Fund   |  Wednesday, 12 December 2007 at 12:24 pm

    […] follow up for you municipality rights junkies on a story we brought you earlier. Score one for the localities. Local governments will be able to withdraw no more than a quarter of […]

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