Policy and Budget Recommendations

Transcription

1 1 Policy and Budget Recommendations

2 Personal Income (in Million $s) Non-Farm Employment (thousands) Housing Starts (thousands) Total Light Vehicle Registrations (thousands) Tourist Visitors (thousands) Population (thousands)

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4 Florida vs the US 12-month Non-Farm Employment Growth Rates 4

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6 General Revenue August 2017 REC 6

7 7 Governor Scott s priorities for Florida s Future Tax Cuts for Florida Families Jobs for Florida Families Education for Florida s Students Protecting Florida s Environment Keeping Florida s Residents and Tourists Safe Ensuring a Healthy Future

8 Keeping Taxes Low for Florida s Future $ in millions Tax Type Tax Cut Description Taxpayer Saving Sales Tax Back-to-School Sales Tax Holiday - 10 Days Hurricane Preparedness Holidays - 3 One-Week Total Sales Tax Holidays $73.4 $14.8 $88.2 Highway Safety Fees Effective July 1, 2018: Renewal Class E- $48 to $20 Original Class E-$48 to $27 Renewal CDL- $75 to $67 Original CDL- $75 to $67 Total Highway Safety Fees $67.3 $19.6 $ 0.6 $ 0.3 $87.8 Article V Fees 18% Discount on tickets upon attending driving school $4.0 Total $

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11 Total Budget $87.4 Billion General Revenue $32.2 Billion 11 11

12 12 # Reduction Positions Budget Savings General Revenue Trust Fund Total 1 Administrative and (262) (3,691,236) (14,426,423) (18,117,659) Operational Efficiencies 2 Contract and Lease Savings (1,786,800) (4,246,480) (6,033,280) 3 Debt Service Reduction (2,300,000) (73,944,223) (76,244,223) 4 Equitable Treatment of (10,231,736) (11,388,186) (21,619,922) Health Insurance Payments for All State Employees 5 Workload Adjustments (2,375,045) 0 (2,375,045) 7 Subtotal (262) (20,384,817) (104,005,312) (124,390,129) 8 Unfunded Budget (19,904,146) (19,904,146) Grand Total (262) (20,384,817) (123,909,458) (144,294,275)

13 13 General Revenue Outlook ($ in millions) Recurring Non- Recurring Total 1 Balance Forward From FY , , Estimated Revenues - August 15, , , Total Revenue Estimate 31, , , Base Budget 30, , Available Revenues (after Funding Base Budget) 1, , , Less Adjustments: 7 Shortfalls and Budget Amendments (29.3) (29.3) 8 Hurricane Projections (177.5) (177.5) 9 Trust Fund Sweeps Transfer to the BSF (68.2) (68.2) 11 FEFP Restore Non Recurring Funding (127.8) Tax Cuts: 13 Sales Tax: Back to School 10 Days 0.0 (58.5) (58.5) 14 Sales Tax: Disaster Preparedness 0.0 (11.7) (11.7) 15 HSMV Fees Original Class E - $48 to $27 (19.6) 0.9 (18.7) 16 HSMV Fees Original CDL - $75 to $67 (0.3) 0.0 (0.3) 17 HSMV Fees Renewal CDL - $75 to $67 (0.6) 0.0 (0.6) 18 HSMV Fees Renewal Class E - $48 to $20 (67.3) 2.8 (64.5) 19 HSMV Fees Traffic Citation Discount (4.2) (4.2) 20 Sub-Total Tax Cuts (92.0) (66.5) (158.5) 21 Department of Revenue Tax Holiday Administration (0.2) (0.2) 22 Total Revenue Available after Adjustments , , Appropriations Over Base Budget 24 Education Health and Human Services Public Safety Transportation & Economic Development General Government Environment Statewide Issues Budget Savings (20.4) (20.4) 32 Funding Shifts Total Appropriations Over Base Budget , General Revenue Balance , ,398.7

14 14 Actual and Anticipated Reserves $ In Millions

15 15 Declared Disasters - Budget Impacts Fiscal Year Expenditures and Fiscal Year Reimbursements # Description GR TF Total 1 FEMA Public Assistance Hurricane Irma - State Agencies Processed Budget Amendments Potential Budget Amendments Anticipated Federal FEMA Reimbursement (343.7) (284.9) (628.6) State Agencies Net Adjusted Costs For FEMA Public Assistance FEMA Individual Assistance Hurricane Irma - Other Needs Processed Budget Amendments Potential Budget Amendments State's 25% Share of FEMA Individual Assistance - Other Needs Bridge Loans Hurricane Irma Bridge Loan for Small Businesses Bridge Loan for Citrus Growers Anticipated Bridge Loan Repayments (18.0) 0.0 (18.0) Total Bridge Loans After Repayments Disaster SNAP/Food For Florida Reserve for Additional Hurricane IRMA Impacts Anticipated Reimbursement for Hurricanes Hermine (36.4) (36.4) and Matthew 7 Sub-Total Hurricane Projections Included in Governor's Financial Outlook # Description GR TF Total 8 Open Federally Declared Disasters , ,235.4 Funding to Communities for Past and Present Events 9 Affordable Housing Initiatives Hurricane Beach Recovery Citrus Research Search and Rescue Enhancements Sub-Total Fiscal Year Governor's Budget Recommendation , , Total Hurricane Projections Included in the Governor's Recommended Budget Numbers as of November 7, 2017 Fiscal Year Governor's Budget Recommendations , ,611.2

16 Securing Florida Jobs Major Issues Funded Florida Job Growth Grant Fund Economic Development Commitments Florida Flex Quick Response Training VISIT Florida State Transportation Work Program Amount $85 Million $43 Million $20 Million $100 Million $10.1 Billion 16

17 17 Securing the Future Success of Florida s Students Historic Level of Funding Voluntary Pre-Kindergarten State Funding Funding Amount $408.4 million K-12 Public Schools Total Funding $21.41 billion K-12 Public Schools State Funding $11.91 billion K-12 Public Schools Per-Student Funding $7,497 Florida College System State Operating Funding $1.24 billion State University System Total Operating Funding State University System State Operating Funding $4.26 billion $2.46 billion

18 18 Securing the Future Success of Florida s Students Historic Total, State, & Per Student K-12 Public School Funding and Student Enrollment T o t a l F u n d s $25.0 B $20.0 B $15.0 B $10.0 B $5.0 B 2,629,327 2,642,511 2,667,058 $17.09 B $17.35 B $16.58 B $9.00 B $8.44 B $7.87 B $8.09 B $8.91 B $8.71 B 2,700,982 $17.22 B $7.68 B $9.54 B 2,778,914 2,804,865 2,829,107 2,856,292 2,705,148 2,743,239 $7,197 $7,297 $21.41 B $19.70 B $20.19 B $20.64 B $18.90 B $18.31 B $9.51 B $8.97 B $8.88 B $8.77 B $8.26 B $7.84 B $10.48 B $10.65 B $10.93 B $11.31 B $11.67 B $11.91 B $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 F u n d s P e r S t u d e n t $0.0 B FY FY FY FY FY FY FY FY FY (2nd Calc) FY (Gov Recs) State Funds (left axis) Local Funds (left axis) FY State Funds (left axis) Total Funds Per FTE (right axis) $0

19 19 Securing the Future Success of Florida s Students

20 20 Securing the Future Success of Florida s Students

21 21 Securing the Future Success of Florida s Students Major Issue Funded Teacher Classroom Supply Assistance Program English Language Learners (ELL) Summer Academies Computer Coding and Professional Development Initiative Security Funding for Jewish Day Schools Performance Funding for Colleges Performance Funding for Universities Performance Funding for Workforce Programs Education Infrastructure Funding Amount $63 million $12 million $15 million $1 million $120 million $670.6 million $20 million $473.1 million The Governor s budget recommends a zero percent tuition increase for State Universities, State Colleges, and School District Workforce Programs.

22 Securing the Protection of Florida s Pristine Environment Major Issues Funded Everglades Restoration (including the Herbert Hoover Dike) Beach Projects (including Hurricane Restoration) State Park Enhancements Springs Florida Forever Water Infrastructure Investment Initiative Florida Resilient Coastline Initiative Citrus Research, Management and Protection Law Enforcement and Search and Rescue Enhancements Amount $355 Million $100 Million $50 Million $55 Million $50 Million $50 Million $3.6 Million $21 Million $7.5 Million The Governor s proposed budget fully complies with Amendment 1 by including over $800 million for land and water programs funded from documentary stamp tax revenues. 22

23 23 Securing a Healthy Future for Florida Major Issues Funded Combatting the Opioid Epidemic Enhancing the Child Welfare System Child Protection Workforce Supporting the Adoption of Florida s Children in Foster Care Enriching Seniors Supporting Individuals with Disabilities Florida s Active Military, Veterans and their Families Amount $53 Million $30 Million $10 Million $200 Million $9 Million $18 Million $178 Million

24 24 Securing a Safe Future for Florida s Families Major Issues Funded Specialized Pay Increases: Sworn Law Enforcement Officers Juvenile Detention and Probation Officers Florida Forest Service Firefighters Increase Juvenile Residential Capacity Expand and Maintain Juvenile Prevention Programs Continuing Reforms at the Department of Corrections: Enhancing FDC s Mental Health Units Improving FDC Services to Disabled Inmates Expanding Workforce Education Programs Correctional and Juvenile Facility Maintenance & Repair Strengthen Counterterrorism Operations Improving Florida s Crime Databases Amount $30.0 Million $8 Million $2.4 Million $14 Million $9.2 Million $78 Million $6.5 Million $4 Million $31 Million $1.3 Million $10.5 Million