Skip to Content

Capitol e-Report - Florida Budget Status: Senate Report

Senate Ways and Means Chairman JD Alexander stated today that even if Florida receives $12 billion in Federal stimulus funds, the practical application of those funds in relation to the upcoming state budget would be about $3 billion per year over the next two years.



Alexander warned that even with stimulus dollars, there may be some reductions required. He noted that the state has gone about as far as it can go in education and health care cuts and he feels the Senate will be looking at other areas of state operations, and perhaps even new sources of revenue.



Capitol hall-talk has the revenue hole going into 2009-10 FY in a range of between $4 billion and $6 billion. The next Revenue Estimating Conference, where state officials spot-check current year and next year revenue is slated for mid-March.



Florida is a balanced budget state, and as such, the Legislature must enact and maintain a budget of equal revenues and expenses.
Related Practices
Public-Private Partnerships
©2024 Carlton Fields, P.A. Carlton Fields practices law in California through Carlton Fields, LLP. Carlton Fields publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Carlton Fields. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our Contact Us form via the link below. The views set forth herein are the personal views of the author and do not necessarily reflect those of the firm. This site may contain hypertext links to information created and maintained by other entities. Carlton Fields does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites.

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.