Financial adviser says Everglades purchase could sink Fla. water agency

An outside financial advisor has warned Florida water managers that plummeting revenues could leave them with a difficult choice between cutting operations and maintenance or sticking to Gov. Charlie Crist's controversial deal with the U.S. Sugar Corp.

The memo, sent last month to the chief financial officer of the South Florida Water Management District, paints a bleak forecast, with deficits projected to increase to $110 million by 2012 if it pursues the $536 million land buy for Everglades restoration.

``If these projections (both revenues and expenses) are even close, the district must make some very difficult decisions,'' wrote David Moore of Public Financial Management Inc.

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