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[…]
The Fiscal Year 2014-15 budget (also known as the General Appropriations Act) was signed into law by Governor Scott on June 2nd. Of the $77.1 billion budget passed by the Legislature, only $68.9 million in projects were vetoed by him. It was a good year for many social service agencies, infrastructure projects and the arts Read more about 2014 – 2015 Budget Items Vetoed by Governor Scott[…]
Governor Rick Scott unveiled his proposal for Fiscal Year 2014-2015 on January 29th. The $74.2 billion plan is being billed as the “It’s Your Money Tax Cut Budget”. Savings for Floridians include a $400 million reduction in auto tag fees; a $100 million sales tax reduction on commercial leases; a $25,000 increase in the exemption Read more about Governor’s Budget Proposal 2014[…]
Despite Florida’s economists projecting an $845 million surplus for fiscal year 2014-2015, Governor Rick Scott instructed state agencies to submit budgets with a 5% cut to recurring funds. State agencies were required to send their proposed budgets to the Governor by October 15th. Coupled with these proposed reductions is the Governor’s intent to cut taxes Read more about Florida’s Projected Budget 2014-2015[…]
Florida’s economy is slowly regaining strength as state economists project the state’s tax collections will grow about an average of 5 percent, or as much as $3.5 billion, for the next fiscal year. Florida’s unemployment rate for February, 2013 is at its lowest level in four years, 7.7%, and recently fell below the national average for the Read more about 2013-2014 Budget[…]