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TALLAHASSEE — With the start of hurricane season a month and a half away, state officials learned Tuesday that the projected shortfall in money available for Florida’s hurricane catastrophe fund is about $5 billion less than projected.

The reason: A stronger credit market could allow the fund to sell bonds of up to $8 billion, not $3 billion, as previously projected.

“The picture is definitely better than it was,” said Ash Williams, Read the rest of this entry »