The state’s massive $74 billion spending plan received a unanimous vote of approval from the Senate Wednesday morning.
State economists are preparing new budget forecasts for how much money the state should collect in taxes over the next few years.
As Florida continues to slowly pull out of the recession, state lawmakers aren’t behind a billion dollar eight ball as they try to come up with a budget.
On Friday evening, the Pentagon sent a blunt warning to Gov. Rick Scott that spells out the cloudy impact on the Sunshine State.
State legislators are questioning the rationale of several items in Governor Rick Scott’s $74.2 billion proposed budget.
Gov. Rick Scott said Friday he wants an increase in spending on K-12 education. Scott has said repeatedly that he hoped the Legislature would at least hold the line on K-12 spending, but on Friday he indicated he likely will recommend an increase.
Looking for a little more transparency when it comes to the state’s finances, Gov. Rick Scott is seeking competitive bids for a company to run Florida budget website which is open to all citizens.
State forecasters added nearly $400 million to estimated tax revenues over the next year and a half — but warned that dangers like the “fiscal cliff” could still damage a fragile economic recovery powering the gains.
Florida’s almost $70-billion dollar budget funds critical statewide services, adds a little extra to education and should help the state maintain a solid credit rating, but South Florida took a big punch from Governor Rick Scott’s veto pen to the tune of $25 million.
Florida Governor Rick Scott signed the new state budget that will cost roughly $70 billion Tuesday. But, Scott also vetoed more than $140 million in spending for various programs including several key programs in South Florida.