During his run up to re-election Republican Gov. Rick Scott talked about grand plans to spend it on boosting school spending while slashing taxes and fees by hundreds of millions of dollars.
A legislative committee approved a report that projects a surplus in the budget year that starts in July.
Florida’s record $77.1 billion, election-year budget went to the governor Tuesday along with 21 other bills, including a proposal to increase highway speeds that is expected to be vetoed.
State lawmakers came into the 2014 session with a surplus topping $1 billion and a mandate from Gov. Rick Scott to cut $500 million in taxes and fees.
Lawmakers may face a late night Friday after a budget compromise was emailed Tuesday evening.
Lawmakers were on the verge of a final budget deal Sunday night after agreeing on virtually all of the outstanding spending items —putting them in striking distance of finishing the legislative session on time.
With a Tuesday deadline looming for a new state budget, Florida legislators are trading last-minute offers to come up with a final deal.
The state’s House and Senate are prepared to begin negotiations Monday night on a roughly $75 billion budget for the fiscal year starting July 1st.
Politicians often have to prioritize items because of time constraints. For state Senator Lizbeth Benacquisto, the priority may be money and Sarah Palin over government business and voters.
In an election year nothing sells quite as well as tax cuts and with a tough gubernatorial election ahead this year, Governor Rick Scott released his 2015 budget that will target millions in tax cuts among other programs.