Just days after the Florida Senate passed its budget, the House is poised to give final approval to its version of a $74 billion budget.
State economists are preparing new budget forecasts for how much money the state should collect in taxes over the next few years.
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.
This November’s ballot is the longest in South Florida history. The reason: 11 constitutional amendments, some as long as a half of page. On the ballot, Amendment 3 is titled State Government Revenue Limitation. In simple English that means a new formula for the state budget.
A new budget forecast released this week by state economists shows the state is expecting in 2013 to bring in enough money to meet its needs for public schools and health care programs, with $1 billion still left for reserves.
Florida legislators will return to the Capitol on Wednesday, less than a week after the final day of the regular session after Gov. Rick Scott called a 15-day extraordinary session so lawmakers can redo redistricting.
Gov. Rick Scott and Republicans in the Legislature are still unhappy with a judge’s decision to strike down last year’s pension overhaul, with the Senate budget chief declining to rule out defying a court order to repay state employees.
Lawmakers in Tallahassee actually want to spend more money on state schools.
As state lawmakers get ready to battle over spending cuts to make up for a $2 billion shortfall, Gov. Rick Scott is readying to release his 2012-13 budget recommendations.
As the economy continues to sputter, city and state governments are turning against their own workers to make up the financial shortfall. The latest cuts are targeting pension plans which have pushed some cities to the brink of financial ruin.