BRADENTON, Fla. -Florida's top lawmakers late Sunday negotiated a $65.02 billion state budget for fiscal 2009 that includes $1.35 billion of new debt.

The spending plan for the fiscal year that starts July 1 - which is not expected to receive a final vote by the full House and Senate until at least Thursday - offers relief for concerned professional sports teams in the state that leveraged a $2 million state sales tax subsidy to build new venues.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.