July 1st was the start of the new fiscal year. Over 100 bills went into effect, which were passed by the Legislature and signed by the Governor. Governor Ron DeSantis vetoed an unprecedented one billion dollars in projects, including several of his own priorities, in response to the current COVID-19 pandemic. To see the 18-page Read more about From the Capitol[…]
BUDGET The Senate had initially proposed $92.83 billion while the House had a $91.37 billion spending plan. The current year’s budget is approximately $91 billion. The State currently collects $30.4 billion in total revenues. However, $7 billion of that total is paid by tourists visiting our state. State economists have expressed concern that this number Read more about From the Capitol[…]
We have reached the midpoint of the 2016 Legislative Session with 1,847 bills officially filed and working their way through the process. With the majority of the subcommittees completing their work last week, several bills are expected to die. Issues may come back as amendments attached to other germane bills. Both chambers passed major pieces of Read more about From the Capitol[…]
Both chambers have released their proposed Fiscal Year 2015-2016 budgets. The Senate budget is $80.42 billion, while the House version is $76.15 billion. The bills were considered in there respective chambers on April 1st. Major differences exist between the two. At issue is whether the federal government will give Florida an extension for the Low Income Read more about Florida Budget discussion[…]
BUDGET FORECAST The Legislative Budget Commission released an annual report detailing the long-range economic forecast for fiscal years 2015-2016 through 2017-2018. Projected revenue for 2015-2016 is estimated to be $28.25 billion, which is a slight reduction from previous forecasts. However, revenues will be back to pre-recession levels. Estimates indicate a budget surplus of $336 million, Read more about Florida Economy[…]