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The east of Louisiana where Florida residents are beginning to feel the effects of the BP spill.
As oil inches closer and closer to the panhandle the very thought of it threatens Florida 65 billion dollar annual tourism industry.
My next guest is helping lead the sunshine State's fight against BP joining me now live from Tampa Florida.
Alex Sink the chief financial officer for the state of Florida the state treasurer welcome missing thank you for being here.
-- -- -- -- Up first off just find out right up to bat for you what effect on revenues for the state have you started to see if any and if you can just quantify that for us that we get a sense of whether you've really started to feel the season of the oil slick hasn't come fully -- -- yet.
Well it's a little early yet to -- the impact on this state revenue is a house the sales taxes are.
Collected and a -- may fifth -- We know it will be in the millions of dollars that are economists are following this along very closely -- we rely heavily upon sales tax.
Revenues in the state as well as property taxes that later on in the year.
We want to at least let you listen to a sound -- Right now that has just come in -- Bob Dudley the man who was now in charge of on the ground operations for BP.
In essence he takes over from Tony Hayward who many believe was not doing a very good job.
He just gave an interview with Greta Van Susteren of Fox News so let's listen -- to that.
I think this is not good demonstration.
That should reassure people look around the gulf both individuals and businesses that will be there.
For a long time and -- it provides some more certainty and structure for our shareholders so that we can make sure.
That we're remain some strong and viable to make sure we meet the obligations around the golf.
Alex does that make you feel better because speaking of obligations you in the state of Florida are asking for 2.5 billion dollars right now.
Well yes it definitely felt better and I'm glad the chairman of the board made the decision to put a person in play felt like mr.
Dudley and I understand from your earlier reporting that the maybe grew up in Mississippi -- he's going to relate a little bit better to the concerns of the people in the -- because for sure what is the 2.5 billion for if you haven't yet seen the effects like you say.
-- -- may be cutting back of sales tax that would have come from your 65 billion dollars in tourism dollars you get every year.
So how can you quantify that it's 2.5 billion and what -- that money go toward.
-- -- I'm not really familiar with.
A request for two point -- billion dollars because what we have been asking for is assurances that the money will be there to cover our expenses.
And one of the best things that happened was earlier this week when the president and negotiated with bad behavior -- -- At that the twenty billion dollar bond because that this is all this the center -- The panhandle have been very worried.
About the health of BP.
We need to know is as well radiance that that there is money available to pay all these -- that are going to come up from the salvation or is from individuals and from today and also local governments there that that number comes from the Florida attorney general Bill McCollum who is saying for spill related losses and we know from speaking to.
Shrimpers in Louisiana and Alabama already that that that it's already millions for some of these individual businesses so.
It we certainly understand that that looking ahead you can just tell by your neighbors that that it's going to be certainly significant but -- set up a web site.
So that people can start what does it filing claims or at least putting their paperwork in order to be able to hand to BP.
Well we -- several things.
In the profits if that was set up -- earlier bad BP when they were in charge of claims for.
Businesses to be able to go and their web site to file claims and it'll be interesting to say how mr.
-- -- A deal also with the offense he is now in charge of the prophet -- that federal person in charge that's what I -- for all along as small businesses.
And the state government should not have to negotiate with BP.
We should have the federal government and Bob.
And the federal government out of this and -- paid the bill and I believe this is the way it's going to be fed up but for now because we're going to have many expensive.
At the state level sure -- of property tax values and off that well off but sales tax revenue that because declining to help them we already heard from the CFO of the state of Louisiana that that they're seeing that pretty dramatically already so expected to come your way unfortunately Alex -- thank you so much for joining us.
Thank you Alex Sink is just.
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