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Rick Scott and legislative leaders unveiled proposals to address school safety, gun laws and mental-health issues after the mass shooting in Parkland. This is a necessary preliminary step in the budgeting process that allows legislative leaders to begin to formulate offers on allocations. Analysts projected the shortfall would be negated when the delayed payments began coming in, but that has yet to happen.Īnalysts cut their projection for corporate income tax collections in 2017-2018 by $94.3 million and by $73.1 million in 2018-2019, resulting in the $167 million decline in the overall estimate.Īlthough lawmakers have not started formal negotiations on a new state budget, House leadership told Friday night that while allocations are not out, staff for the two appropriations committees have “opened up the columns,” a phrase used to describe when the House and Senate examine each other’s budget columns line by line so that they can match each other’s numbers. The Revenue Estimating Conference cut its projection for corporate income tax collections in 2017-2018 by $94.3 million and by $73.1 million in 2018-2019, resulting in the $167 million decline in the overall estimate.
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