Budget Watch - Finally, Some Good Budget News

New General Revenue Estimates Add $2.1 Billion to Expected Collections

/ Categories: Research, Budget/Approps

The General Revenue Estimating Conference (GREC) met on December 18 and 21 and increased Florida’s general revenue (GR) projections by $1.486 billion in the current budget year and $623 million in FY2021-22.1 This restores 39 percent of the $5.4 billion two-year reduction in the estimates adopted by the GREC last August. 

2021 Economic Preview: An Uncertain Yet Hopeful Year of Growth

/ Categories: Research, Economic Development


 AS WE CLOSE OUT A TUMULTUOUS YEAR for Florida, defined by COVID-19 and its resulting disruptions to everyday life, we consider what may lie ahead for Florida’s economy in 2021. If there’s one thing assured for next year, it is that much economic uncertainty will persist against the backdrop of a constantly changing pandemic. Yet with several promising vaccines on the horizon and gradually improving labor market conditions, Florida looks poised to undergo the slow but steady process of economic rebuilding over the coming year.

Monitoring and Oversight of General Obligation Bonds to Improve Broward County Schools:

SMART Program Quarterly Report Review for the Quarter Ended September 30, 2020

/ Categories: Research, BOC

On November 20, 2020, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for

the Quarter Ended September 30, 2020 (“Quarterly Report”). This single 854-page report provides updated

information on the implementation of the District’s SMART Program and the use of general obligation

bond funds to purchase and install technology upgrades, purchase music, and art equipment, improve

safety, upgrade athletic facilities and renovate educational facilities.

 

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