TaxWatch Sharpens Knife for Another $5 Billion in Budget Cuts

Florida TaxWatch is looking to cut an additional $5 billion in state spending.

The Tallahassee-based tax watchdog was instrumental in guiding more than $2 billion in budget reductions at the 2010 Legislature. Now TaxWatch president and CEO Dominic Calabro says it's time for round two.

The process begins at 10 a.m. Thursday, with politicians from both sides of the aisle participating in the brainstorming.

But putting together a list of budget cuts isn't enough.

"We need a governor who is actively engaged," Calabro said in a parting slap at that constant campaigner, lameduck Gov. Charlie Crist.