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Budget Watch - Proposed Budgets Close in Amount, but Big Differences Remain

At the halfway mark of the 2018 Legislative Session, the House and Senate approved their proposed state budgets for FY2018-19. Both spending plans top $87 billion, exceeding current spending by more than $2.2 billion (2.7 percent). The House increases current General Revenue (GR) spending by $530 million (1.7 percent), while the Senate increases GR spending by $249 million (0.8 percent).

The budget’s bottom lines are relatively close, with the Senate’s $87.3 billion plan coming in at only $100 million more than the House. While the totals are similar, some big differences exist, particularly in education and environmental funding.

The next step is for budget negotiators to go into the budget conference process, where every number and word in the budget must be agreed upon.

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Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida's manufacturing sector is a $86.6 billion industry that ranks sixth in the nation in the value of exported manufactured goods, employs more than 434,000 workers, and contributes 4.62 percent of the state's GDP — quietly outpacing both tourism and agriculture. Anchored by aerospace, defense, and space manufacturing firms along the Space Coast corridor, including global names like Lockheed Martin, Boeing, SpaceX, and Raytheon, the industry also produces medical devices, pharmaceuticals, food and beverage products, and recreational boats. The sector offers high wages with low educational barriers: eleven of the fifteen largest manufacturing occupations require only a high school diploma or equivalent, with an average annual salary of $87,000. Modernized working conditions — built around computer-based tasks and precision environments — have made manufacturing jobs increasingly comparable to traditional white-collar work.

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