Florida’s Budget a Mess: Taxpayers and Voters Take Notice

If I was the city of Coral Gables I would plan for the worst revenue situation.  Taxpayers, take notice–the city will hit you again next year.

A legislative economist told the Senate Budget Committee on Tuesday that she expects a predicted $2.5 billion budget gap to widen because Florida’s economic recovery has been slower than forecast.

The panel’s chairman, meanwhile, hinted that Gov.-elect Rick Scott’s campaign promises for deep spending and tax cuts may run into trouble in the Legislature.

via Florida’s 2011-12 budget outlook getting gloomier – BusinessWeek.

About Stephen E. McGaughey
International consultant in economic development programs and projects

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: