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Michael MolineApril 7, 2017

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No need to worry about the hit to general revenues from the Senate’s medical marijuana sales tax exemption. The state’s Revenue Estimating Conference estimated Friday that the bill might reduce tax receipts, but not enough to notice — even when accounting for the non-state residents who would qualify for cannabis cards if the bill becomes […]

Michael MolineMarch 24, 2017

Legislation that would exempt medical marijuana from sales taxes would cost $24.3 million per year to Florida’s tax receipts, according to an estimate by state economists Friday. HB 1397, by Fort Myers Republican Ray Rodrigues, is one of five medical marijuana bills to enact Amendment 2 that are circulating in the Legislature. It would impose […]

Michael MolineMarch 17, 2017

The Legislature will have $271 million more than it expected to spend this year, but close to 90 percent of the new money is a one-shot deal, and won’t help budget writers with ongoing demands upon a state budget projected at close to $83 billion. State economists arrived at their new forecast during a revenue estimating conference Friday. […]

Michael MolineFebruary 21, 2017

Nothing emerged during a numbers-crunching exercise by state economists Tuesday to change the economic picture the Legislature will confront this year — growth in tourism and slack housing starts will offset each other as overall growth produces about $31 billion in general revenues. “Those are going to compensate for each other. So, overall, you end […]

Jim RosicaFebruary 8, 2017

Gov. Rick Scott’s favored economic incentive program – the Quick Action Closing Fund (QAC) – is now losing money, the Legislature’s chief economist told a Senate panel Wednesday. The QAC is a pot of cash that Scott can draw up to $2 million from without legislative approval to entice businesses to the state. But though […]

Jim RosicaDecember 30, 2016

From algebra to Zika, 2016 brought a plethora of material to the Capitol Press Corps. Trying to pick the top state government stories is a subjective pursuit, to say the least, but here are the FloridaPolitics.com picks for the passing year. In (kind of) chronological order: — Kevin McCarty ousted as state Insurance Commissioner, replaced by […]

Michael MolineDecember 12, 2016

The Florida Legislature may have nearly $142 million more to spend next year than previously expected, but that won’t save lawmakers from difficult choices during the spring legislative session. The revenue forecast for the fiscal year ending in June could run $119.3 million ahead of the previous forecast in September, according to preliminary numbers approved […]

Staff ReportsOctober 26, 2016

A panel of state economists and forecasters spent Wednesday editing their notes on the costs of a constitutional amendment on felons’ voting rights. Amy Baker, who heads the Legislature’s Office of Economic and Demographic Research, noted the amendment’s opponents never submitted written material or testimony. The proposed Florida Voting Restoration Amendment would automatically return voting rights to felons who have completed their […]

Jim RosicaSeptember 12, 2016

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Florida is likely to basically break even next year in terms of its state budget, lawmakers heard Monday. The Joint Legislative Budget Commission met in the Capitol to hear the latest financial outlook for 2017-18: Present income and outgo estimates leave Florida with a relatively scant $7.5 million left over out of about $32.2 billion in […]

Associated PressSeptember 7, 2016

Florida will have very little extra money to spend in the coming year. That means top legislators and Gov. Rick Scott may have slash the state budget to meet some of their promises. The annual forecast released Tuesday shows that despite the state’s gradual economic recovery Florida is expected to bring in just enough money […]

Tag: Amy Baker

Cost of tax exemption for medical marijuana would be minimal

Revenue conference prices sales tax exemption for medical marijuana

Florida’s revenue picture improves a little — but not enough to really matter

State economists see tourism growth canceling out lagging housing starts

Rick Scott’s favorite business incentive is losing money, Senate hears

Jim Rosica’s review of top state government stories in 2016

Austerity budget looms despite Florida’s improved state revenue forecast

Economists wrap up consideration of felons’ voting rights

Lawmakers get grim budget news for next year

Florida won’t have much extra money in 2017