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Michael MolineOctober 12, 2017

Florida’s tax structure will produce only $52 million in gains on existing state spending during the coming fiscal year, and will leave lawmakers more than $1 billion in the hole during each of the two budget years after that. That doesn’t count what the state needs to spend to recover from Hurricane Irma. The news […]

Jim RosicaSeptember 15, 2017

The Legislature’s chief economist has told lawmakers that next year’s relatively tiny budget surplus will be erased because of costs from Hurricane Irma. Amy Baker, director of the Office of Economic and Demographic Research, presented a working version of the state’s long-range financial outlook to the Joint Legislative Budget Commission on Friday. She explained that extra costs to […]

Michael MolineApril 14, 2017

House and Senate budget negotiators who’ll begin conference negotiations next week will have to account for more than 1,700 additional students, state economists concluded Friday. That may not sound like a lot in the context of the more than 2.8 million kids enrolled in the PreK-12 system. Still, it adds up to nearly $12.3 million […]

Michael MolineApril 7, 2017

Florida-Approves-5-Nurseries-To-Grow-Medical-Marijuana-1024x1024.jpg

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 […]

Tag: Amy Baker
According to reviews, F1: The Movie is living up to the hype. Image via AppleTV+/Associated Press.

Irma confounds already straightened state budget prospects, committee learns

State surplus money ‘gone’ because of Irma

State economists expect an additional 1,700 PreK-12 students next year

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