Bloomberg (William Selway): "Florida's tax receipts are falling for the first time since 1975 as a slump in construction and home sales dims the economy of the sunshine State. 'We've been on a pretty steep incline,' said Florida State Senate Majority Leader Daniel Webster... 'There was always going to be an end to that, and it's flattened out.' States from New Jersey to California are getting pinched, just a year after many enacted the biggest spending increases in almost two decades. They're drawing down $16.6 billion from reserves this year - 29% of their total savings... 'A lot of states are starting to worry,' said Iris Lav, who follows state budgets for the Center on Budget and Policy Priorities... 'We have yet to see the effects of the bursting of the property bubble.'"