Florida’s General Revenue (GR) Estimating Conference met on August 16 and forecast that the state would collect $13.1 million less than expected in FY2018-19 and $19.5 million less in FY2019-20. This reduces the estimated GR that the Legislature will have for the next state budget by $32.6 million, a change of less than one-tenth of 1 percent.
Actual net GR collections for the fiscal year that that just ended exceeded the last estimate (February 2018, adjusted for legislative changes) by $205.2 million (0.66 percent). This will be added to the unobligated FY2018-19 GR (cash reserve) balance of $1.026 billion to be carried forward to the next budget year (FY2019-20). These numbers, along with the current cycle of the state’s Estimating Conferences, can begin to define the fiscal outlook for the next state budget that will be developed by the 2019 Legislature.
The 2018 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida’s taxes compare to other states and the national average across a wide variety of metrics.
The House unveiled its 2018 tax cut package (HB 7087) almost a month ago, while the Senate’s did not appear until week 8 of the session when it was amended onto SB 620 in the Appropriations Committee. The bills have a lot of similarities, but there are big differences that will have to be negotiated before a final tax cut package is approved.
Here is a list of the specific Zak's products that received these recognitions in 2017: Good Food Awards: Cacao Nib Caramel International Chocolate Awards Silver:
Florida TaxWatch is pleased to present taxpayers with a guide to the FY2017-18 state budget, which went into effect July 1, 2017. After deducting the Governor’s vetoes, the net result is FY2017-18 appropriations totaling $85.158 billion, a $2.9 billion (3.5%) increase over FY2016-17.
The 2017 Florida Legislature passed a $82.418 billion General Appropriations Act (GAA), already the largest in the state’s history. But this is not all the money appropriated this year.
The $82.4 billion budget passed by the Florida House and Senate for FY2017-18 contains 111 appropriations items qualifying as Budget Turkeys worth $177.8 million. Most of these (79 projects worth $139.4 million) are transportation projects that are not in the Department of Transportation Work Program.
Today, Florida TaxWatch announced the winners of the 2017 Prudential Productivity Awards at a press conference in its offices in Tallahassee. In its 29th rendition, the Prudential Productivity Awards program is designed to highlight and reward state employees who innovatively reduce costs and improve services for Florida taxpayers.
With the release of the fiscal year 2017-18 budget, lawmakers now have 72 hours to read the final proposed budget prior to voting. Florida TaxWatch played an instrumental role in the enactment of the constitutionally required 72 hour “cooling off” period. This allows the public, press and legislators ample time to examine the budget before a vote is cast. The $82.418 billion state budget will fund various state agencies and critical services for all Floridians.
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