GROWTH IN GENERAL REVENUES State economists have updated their general revenue figures in preparation for the 2015 Legislative Session. The figures, last reported in August, estimate an additional $70 million for the coffers. This increase will push the projected surplus to over $400 million. STATE PENSION REFORM House Speaker Steve Crisafulli announced his support to Read more about Issues of Interest[…]
REVENUE ESTIMATING CONFERENCE. The State Revenue Estimating Conference on Friday, December 6th to update their projections. State economists predict an additional $324.3 million in tax revenues for the current and next fiscal years. This is in addition to the $845.7 million that had previously been expected. TAX CUTS. With the increase in revenues, the debate Read more about Winter 2013 Economic Updates[…]
The Revenue Estimating Conference met on August 9th to discuss the State of Florida’s revenue projections for the current and future fiscal years. Anticipated revenue for Fiscal Year 2012-2013 has been revised upward by $294 million, most of which is attributable to a $200.1 million one-time payment from the National Mortgage Settlement. For Fiscal Year Read more about Late Summer 2013 Economic Update[…]
Health Care Reform – Both the Senate and House have now rejected an expansion of the Medicaid program under the federal Patient Protection and Affordable Care Act to include Floridians at or below 138% of the federal poverty level. Senate Committee Chairman Joe Negron (R-Stuart) said he would like to pursue a “Florida Plan“, a voucher-like alternative that would Read more about Other Major Legislative Issues[…]
Governor Rick Scott’s proposed $74.2 billion budget for fiscal year 2013-2014, entitled “Florida Families First”, uses the higher than projected general revenue tax collections to balance the plan. An estimated $260 million of this projected revenue is set aside to fund two priorities – a $1.2 billion increase for public schools and the elimination of Read more about 2013-2014 Governor’s Budget[…]