February 2018 Budget Watch

DOWNLOAD PDF


Proposed Budgets for FY18-19 Close in Amount, but Significant 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.

The Author

Kurt Wenner, Vice President of Research. Kurt has authored all of the major tax publications produced by Florida TaxWatch, including pieces on Florida’s Intangibles Tax, and general sales, property, and business tax issues.

See Kurt's full bio

STAY INFORMED

106 N. BRONOUGH ST., TALLAHASSEE, FL 32301     |     TEL: 850.222.5052     |     FAX: 850.222.7476
106 N. BRONOUGH ST., TALLAHASSEE, FL 32301
TEL: 850.222.5052     |     FAX: 850.222.7476

Media Inquiries:  Contact Leah Courtney by Email or Phone: 850.212.5052

Media Inquiries:
Contact Leah Courtney by Email
or Phone: 850.212.5052

We'll be in the Orlando area soon!    Join us!