MENU

FLORIDA

Florida

  • In The News
  • Background
  • Issues
  • Solutions
  • Pensions
  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Florida

      House and Senate not in sync on state pension reform

      The Gainesville Sun | by Lloyd Dunkelberger | April 14, 2014

      House Speaker Will Weatherford said the changes, which will not directly impact current public employees, are needed to reduce the state's long-term costs for the retirement system.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Budget timeframe: Annual

      Fiscal Year begins: July 1


      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      FL Gov ScottGov. Rick Scott

      The Capitol
      Tallahassee, FL 32399-0001
      Phone: (850) 488-2272
      Fax: (850) 922-4292
      http://www.flgov.com/

       

       

       

       

      Office of Policy and Budget
      1702 The Capitol, Executive Office of the Governor
      Tallahassee, FL 32399-0001
      Phone (850) 487-1880
      Fax: (850) 488-9005

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      FL state seal

       

      Florida is required to pass a "balanced budget." Sections 216.165 and 216.221 of the state law require the governor to recommend revenues sufficient to fund appropriations. Florida law forbids the carrying over of a deficit from one year to the next. Florida's governor is required to monitor revenues to ensure that all the necessary revenues are being raised. If a deficit is developing, then the governor, house speaker, senate president and chief justice are to reduce costs to eliminate the deficit. Florida has one of the most aggressive policies for maintaining a balanced budget in the country, requiring that when the budget isn't balanced, it is to be made balanced. In spite of these laws and policies, Florida reported budget deficits (negative net transactions) for the three years studied.

       

      The State maintains four individual governmental funds: the General Fund, the Environment, Recreation & Conservation Fund, the Health & Family Services Fund, and the Transportation Fund. The State budgets its financial activities on a cash basis of accounting and budgets three major funds: the General fund, the major special revenue fund (comprised of 3 lesser funds), and special revenue fund (comprised of about 19 to 20 lesser funds). On the Budgetary Comparison Schedule neither one of these budget categories include a "Total" column for the lesser funds, which is inefficient for budgetary analysis.

       

      Florida has a dedicated website to the budget, www.peoplesbudget.state.fl.us, which shows the funding for all agencies and the funding source. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

      James Madison Inst. logo


    • Pensions :

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES: Florida

      House and Senate not in sync on state pension reform

      The Gainesville Sun | by Lloyd Dunkelberger | April 14, 2014

      House Speaker Will Weatherford said the changes, which will not directly impact current public employees, are needed to reduce the state's long-term costs for the retirement system.

    • View All Florida articles
    • Solutions: Florida

      Three Things You Can Do to Fix Health Care Now

      Foundation for Government Accountability | by Christie Herrera | December 6, 2012

      Three Things to Fix Health Care Now:

      #1: Reject the Health Insurance Exchange
      #2: Don't Expand Medicaid
      #3: Offer an Alternative

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • BLOG: Revenue, Budget Transparency

      Principles of a good tax system

      by Jason Mercier | October 14, 2013

      The fundamental building blocks of a good tax structure include simplicity, accountability, economic neutrality, realiability and fairness.

    • BLOG: Education, K-12 Education

      Tensions in Common Core debate are boiling over

      by Joe Luppino-Esposito | October 1, 2013

      The fight over Common Core State Standards started quietly but has become increasingly intense as states make decisions regarding its implementation and school districts address the concerns of parents. The debate has taken harsh turn recently, with displeasure with the program that aims to make educational standards consist across states for grades K-12 coming out in a range of ways, from nasty notes from a governor to an arrest for assault. 

    • BLOG: Federal Government Impact, Medicaid

      State attorneys general lead the federalism fight

      by Joe Luppino-Esposito | September 17, 2013

      One look at the upcoming cases before the Supreme Court and the federal courts of appeal would suggest that states and the national government have a destructively adversarial relationship. Should we be worried about this constant conflict?

    • BLOG: Education, K-12 Education

      Common Core can't pass the cost test

      by Joe Luppino-Esposito | August 2, 2013

      This has been a rough summer for Common Core supporters as more and more states leave the testing consortia due to high costs and uncertainty.

    • BLOG: Pensions, Federal Government Impact

      Senate bill highlights need for state and local action on public pensions

      by Cory Eucalitto | July 12, 2013

      Earlier this week, Senator Orrin Hatch (R-UT) unveiled a bill designed to give new flexibility to state and local public pension plans struggling to stay afloat.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Florida

      House and Senate not in sync on state pension reform

      The Gainesville Sun | by Lloyd Dunkelberger | April 14, 2014

      House Speaker Will Weatherford said the changes, which will not directly impact current public employees, are needed to reduce the state's long-term costs for the retirement system.

    • HEADLINES: Florida

      House and Senate not in sync on state pension reform

      The Gainesville Sun | by Lloyd Dunkelberger | April 14, 2014

      House Speaker Will Weatherford said the changes, which will not directly impact current public employees, are needed to reduce the state's long-term costs for the retirement system.

    • Florida

      House and Senate not in sync on state pension reform

      The Gainesville Sun | by Lloyd Dunkelberger | April 14, 2014

      House Speaker Will Weatherford said the changes, which will not directly impact current public employees, are needed to reduce the state's long-term costs for the retirement system.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines : Florida

      Scaled-back pension bill gets approval from House panel

      News4Jax.com | by Brandon Larrabee | April 7, 2014

      Reviving hopes for one of House Speaker Will Weatherford's key priorities, a divided House State Affairs Committee on Friday signed off on a scaled-back set of changes to the pension system for public employees.