Florida is currently figuring out the exact amount of damages caused by BP's (NYSE:BP) oil spill. In the mean time, they want an "interim" payment from the company in the amount of $1 billion. The reasoning being to help offset a looming budget deficit for the state.
Some of the losses being claimed are tax revenues, oil cleanup, among other damages. Governor Charlie Christ, Florida's governor, has already secured $32 million for the state since April 20th. The money was used for advertising through various media outlets, including TV and Internet to promote tourism and the safety of their beaches.
"Florida's damages as a state could easily be in the billions of dollars. We just don't know and its going to be years before we know the long term impact from the spill. But in the meantime we'd like reparations to get relief, so we don't have budget shortfalls directly from BP's wrong doing," said Tampa lawyer C. Steve Yerrid.
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