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    • Headlines

      The state pension situation is improving, but most plan funding is still low

      Washington Post | by Niraj Chokshi | September 17, 2013

      Wisconsin has the nation’s strongest pension plan, while Illinois has the worst, according to a new report. And the situation across states is starting to moderate.

    • Headlines

      'Universal' preschool proposal copies costly Medicaid expansion

      Daily Caller | by Lee Schalk | September 16, 2013

      As Syria continues to dominate the news cycle, a costly White House proposal is flying under the radar: Preschool for All, an initiative that would provide “universal” pre-K for moderate-income 4 year-olds with the promise of $75 billion in federal tax dollars over 10 years.

    • Headlines

      Business Tax Breaks: State Budget Busters

      The Fiscal Times | by Lawrence Haas | September 12, 2013

      One state offers a tax break to lure a company to relocate, prompting another to offer a bigger tax break, prompting still another to join the action, and, before you know it, you have a bidding war among states.

    • Headlines : Florida

      Governor takes tax-cut idea on the road

      The Miami Herald | by Steve Bosquet | September 10, 2013

      Gov. Rick Scott on Tuesday opens a four-day image-rebuilding "listening tour" to promote his call for cuts of $500 million in taxes and fees by the Legislature next year, when he will be seeking a new term.

    • Headlines

      Little Support Anywhere for Federal Aid to States

      The Fiscal Times | by Edmund Andrews | September 8, 2013

      You probably knew this was coming, but here it is: when asked how they would address the fiscal crises of states and municipalities, Americans strongly support "none of the above."

    • Headlines

      Lessons Learned: States Focus on Rainy Day Funds, Smaller Workforces

      Stateline | by Elaine S. Povich | September 6, 2013

      The Great Recession gave states a crash course in providing services with fewer people-a lesson they are being forced to put into practice even as the crisis slowly recedes.

    • Headlines

      Budget Gimmicks Update, September 2013

      by Joe Luppino-Esposito | September 5, 2013

      State officials have a deep bag of tricks to "solve" budget gaps. In reality, these gimmicks result in state budget that appear at first glance to be balanced, but looking past the smoke and mirrors reveals that they are very unbalanced. This consistent habit of kicking the can down the road has put states in their current fiscal catastrophes. This month's updates come from Illinois and Texas.

    • Headlines

      Sagging state funding jacks up college tuition

      USA Today | by Hadley Malcolm and Sean McMinn | September 5, 2013

      The start of a new school year is punctuated by what's become a new financial norm for public universities: massive cuts in state funding that lead to rising tuition, cuts in enrollment, sporadic class schedules and staff layoffs.

    • Headlines

      Promises Made, Promises Broken - The Betrayal of Pensioners and Taxpayers

      by Cory Eucalitto | September 3, 2013

      Comprehensive research into the funded status of state level defined benefit public pension plans reveals that public employee retirement promises are underfunded by $4.1 trillion. See how your state fares here.

    • Headlines

      The world of state pension obligations

      CBS Money Watch | by Larry Swedore | August 28, 2013

      All the news surrounding the fiscal problems of Detroit has brought more attention to the municipal bond market and raised questions about the safety of the general obligation bonds of the states and municipalities.


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    • 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


    • 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.

    • Solutions: North Carolina , Florida

      Medicaid Reform

      Civitas Institute | by Brian Balfour | September 12, 2012

      Any serious attempt at state budget reform in North Carolina must include an examination of its Medicaid program. Costs have been soaring, and past cost-containment efforts have proven both insufficient and detrimental to enrollees' access to care. Moreover, Medicaid enrollees are merely passive participants in the program with little or no choices, and at the mercy of the whims of politicians.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Solutions

      The Case for Reform: Adult Probation

      Right on Crime | August 1, 2012
    • Solutions

      Solutions to the public pension crisis

      State Budget Solutions | by Bob Williams | August 1, 2012

      Public pensions at the state and municipal levels are unsustainable in their current form.  State Budget Solutions' recent study by Andrew Biggs found that public pensions are underfunded by $4.6 trilion. Here we offer solutions to the pension crisis

    • Solutions: Florida

      A Medicaid Cure: Florida's Medicaid Reform Pilot

      Foundation for Government Accountability | by Tarren Bragdon | May 23, 2012

      During its five years of operations, Florida's Medicaid Reform Pilot has improved the health of enrolled patients, achieved high patient satisfaction, and kept cost increases below average, saving Florida up to $118 million annually.


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