[60], In addition to the individual state profile, IGPA offered a 50-state comparison and profiles for other states. Figure 1 provides a striking illustration of the fiscal conservatism Florida’s government has exhibited beginning in the early 1990s. [49][10], Certain public agencies have failed to comply with open records laws. It has disapproved casinos (outside of sovereign Seminole and Miccosukee tribal areas) three times: 1978, 1986, and 1994.[1].
The budget shows clear cyclical variability.
State executives | In Florida in fiscal year 2014, 82.1 percent of total tax revenues came from sales taxes and gross receipts. Generally speaking, a higher credit rating indicates lower interest costs on the general obligation bonds states sometimes sell to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). [5] There are five classes of state employees for pension investment: Regular and Special Risk Administrative employees accrue retirement benefits at 1.6–1.68% per year; Senior Management, 2%; Special Risk employees, such as police and firefighters, 3%; and elected officers, including judges and legislative at 3% to 3.3%. Politics often revolve around budgeting and how money for budgets should be raised. While the state administers the program, it has no actual control over expenses. Florida’s state government budget is obviously revenue driven. State spending in Florida can be further broken down by function (elementary and secondary education, public assistance, etc.). State debtrefers to the money borrowed to make up for a deficit when revenues do not cover spending. Additionally, a person's socioeconomic status has profound effects on their access to care and the quality of care received. Florida approved its lottery by amending the constitution in 1984.
2020 legislative session | Sales tax revenues were affected by the housing boom because in Florida, construction materials are sales taxable. Transparency Florida was searchable easy to navigate.
An additional $4.8 billion was invested in public safety, while also adding funding to the state's Agency of Persons and Disabilities. Scott signed it into law on May 20, 2013 after vetoing specific line items.[64].
NASBO's categories are as follows:[49].
Ballot access for candidates | Revenues went up, and expenditures went up along with increased revenues. The passage of the amendment meant that, from that time forward, legislators knew they could have, at most, eight more years in their current office.
This in turn results in lower interest costs, thereby lowering the cost to taxpayers.
Note: Gross state product (GSP) on its own is not necessarily an indicator of economic health; GSP may also be influenced by state population size. [7] The last year of the housing boom, the 2006/07 budget increased by nearly 12 percent in a single year. Historical Florida budget and finance information, Multi-measure budget transparency profile, In 2016, State Budget Solutions was absorbed by the, Campaign finance requirements for Florida ballot measures, Ballot access requirements for political candidates in Florida, Ballot access requirements for political parties in Florida, Ballot access requirements for presidential candidates in Florida, Oil and gas extraction on federal land in Florida, Effect of the Affordable Care Act in Florida, U.S. Department of Commerce, Bureau of Economic Analysis, State government tax collections by source, National Association of State Budget Officers, State spending by function as a percent of total expenditures, Appropriations Committee, Florida House of Representatives, Appropriations Committee, Florida State Senate, Finance & Tax Committee, Florida House of Representatives, Finance and Tax Committee, Florida State Senate, Fiscal Policy Committee, Florida State Senate, Joint Legislative Budget Commission, Florida State Legislature, Constitutional provisions regarding reading of bills, Federal Fund Information for States “ARRA FMAP Extension & Education Jobs Fund Totals” Aug. 11, 2010, "Transparency Florida," accessed August 14, 2013, Article 3, Section 19(c), accessed August 14, 2013, Reuters "Florida governor seeks higher school aid, business tax cuts" Jan. 31, 2013, Federal outlays to state government (2014-2017), State tax revenue projections and shortfalls (2020-2021), Proportion of state government general revenues from the federal government (2014-2018), State unfunded public pension liabilities, 2003-2018, https://ballotpedia.org/wiki/index.php?title=Historical_Florida_budget_and_finance_information&oldid=7095006, Tracking election disputes, lawsuits, and recounts, Ballotpedia's Daily Presidential News Briefing, Submit a photo, survey, video, conversation, or bio, "Generally Accepted Accounting Principles" budget, Constitution or statutory tax/spend limitations.
State Senate | [14] In February 2011, Governor Scott directed the sale of both airplanes.
The amendment was supported by 76.8 percent of the voters. Ballot measure laws | Figures in the column labeled "Per capita revenue" have not been abbreviated. to calculate “available assets,” which were then compared to the amount of money the state owes in bills, including retirement obligations such as pension plans and healthcare benefits for retirees.
With all of the unfunded retirement benefits included in the total debt, the state had a shortfall of $6.4 billion, or a taxpayer burden of $1,100. Generally speaking, a higher credit rating indicates lower interest costs on the general obligation bonds states sometimes sell to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). [2], On June 2, 2014, Scott signed into law the fiscal year 2015 budget, which totaled approximately $77 billion.
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[30] According to the report, Florida received a grade of A and a numerical score of 95, indicating that Florida was "Leading" in terms of transparency regarding state spending. In fiscal year 2014, Medicaid accounted for 32 percent of Florida's total expenditures. Taking into consideration the state's 2013 population, this came out to about $1,202 in federal aid per capita.
Its state debt per capita was $10,243. There are an estimated 60,750 undocumented immigrant children of school age. TIA Methodology: Figures for all columns except "Population" and "Per capita revenue" are rendered in thousands of dollars (for example, $2,448 translates to $2,448,000).
This allows for comparisons among the 50 states. Politics of Florida reflect a state that has experienced conflict between its liberal southeastern region and its traditionally conservative northern region.
In turn, the legislature must pass a balanced budget, and any budget signed into law by the governor must be balanced. [52], Florida has had some level of transparency, including "Transparency Florida," an online spending database created by the state's Chief Financial Officer. Governments often raise tax rates when revenues fall, but with some minor exceptions, that did not happen in Florida.[6].
“2012 Swing States,” Politico, last modified July 2, 2013, http://www.politico.com/2012-election/swing-state/. State expenditures in Florida can be further broken down by function (elementary and secondary education, public assistance, etc.).
Redistricting, List of Florida ballot measures | Though the site reports Florida as leaning toward Romney in the 2012 election, President Obama actually won the state, receiving 50.01 percent of the votes to Romney’s 49.13 percent. The report, entitled "Following the Money," measured how transparent and accountable state websites were with regard to state government spending. [19], Broadly defined, a healthy economy is typically one that has a "stable and strong rate of economic growth" (gross state product, in this case) and low unemployment, among many other factors. The first column in table 2 gives total appropriations without adjustment for inflation. There was a vendor search, but users had to search for specific vendors. Governor Ron DeSantis signed the Fiscal Year (FY) 2019-2020 budget into law on June 21, 2019.