Florida has dipped into its transportation trust fund for money to keep other programs going - an action other states may be forced to take if revenues continue to decline, market participants said.

"It's a shame to have to do it, but it's a rational approach to very difficult fiscal times," said Scott Pattison, executive director of the National Association of State Budget Officers. "I wouldn't be surprised if it increased [in frequency]. Not immediately, but if state revenues continue to be in such dire conditions .... It's going to have to be on the table."

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