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Florida Revenue Picture Bright

January 4th, 2022 by Mike Vasilinda

When Florida lawmakers return to the Capitol next week to begin their annual session, they will have more money than anticipated. State tax collections, buoyed by rising consumer spending, were up almost 400 million dollars in November. As Mike Vasilinda tells us, state economists, even with inflation, are cautiously optimistic about the future.

Florida’s November revenue collections were 398.8 million higher than economists predicted. It follows a nearly year long trend of larger than expected tax collections. 

“We had a lot of stimulus money. Some of that is starting to fade out”

Amy Baker is the coordinator at the office of Economic and Demographic Research.

“We’re continuing to recover from the worst effects of the pandemic. We’re continuing to grow says Baker.”

Florida businesses remain weary of national policies, but they are also seeing a rising tide, even with staffing and supply chain shortages.

 

Bill Herrle is the executive Director of the Florida Chapter of the National Federation of Independent Businesses.

“Forty-four percent of small business owners have reported increasing wages in the last quarter. We’re doing what we can to bring workers back. But of course, that could mean higher prices too” says Herrle. 

Even the Governor noted the upswing when he announced his 99 point 7 billion dollar Freedom First budget.

“Florida is clicking on all cylinders” the Governor told reporters when he announced the budget on December ninth.

The governor also doubled down on the states economic freedom Monday, after reports that one of his biggest critics, Congresswoman Alexandria Ocasio-Cortez vacationed maskless in Miami.

“If I had a dollar for every lock down politician who decided to escape to Florida over the last two years, I’d be a pretty dog gone wealthy man” Said DeSantis.

State economists tell us the rising inflation we’re now seeing is a double edged sword.

Inflation will initially bring more money to the state before damaging consumers purchasing power.

And as lawmakers begin writing the state budget next week, they are better able to say yes to new spending than perhaps anytime in the states history, with as much as seventeen billion in reserves.

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Businesses May be Able to Sue Governments for Losses

January 3rd, 2022 by Mike Vasilinda

Business owners may soon have a new tool to fight City Hall. Legislation being pushed for the coming legislative session would allow businesses to sue if a city or county ordinance causes their profits to drop. As Mike Vasilinda tells us, the legislation has local governments calling foul.

 

Senate Bill 620 would allow businesses to sue local governments if the governments actions…like changing the hours a restaurant or bar can be open, causes a 15 percent drop in the businesses income or profit. Cities and Counties hate the idea.

“This bill is very broad.” Says Ralph Thomas, the President of the Florida Association of Counties

“My fear is the unintended consequences and It would be easy for anyone to just say, hey, I think you’ve impacted my business , and the cost of my business, and I want a check. I want you to compensate me for my losses. And then we’re going to be in a situation where it’ll probable be cheaper to settle that than fighting it our in court.” Says Thomas.

 

 

The legislation raised more questions than sponsor Travis Hutson could answer at its first hearing in November. Audrey Gibson of Jacksonville asked..

“Can you give me an example of how the government, counties or cities, causes a loss? 

“The possibilities are endless of what they could do” responded Hutson.

 

More than a dozen spoke against it at that hearing. Ida Eskamani of Florida Rising told the committee “Members, we ask that you please stop this long list of state interference that we’ve seen in this body by protecting our local freedoms.”

John Harris Mauer, representing Equality Florida told Senators local governments need all their tools. “What we know is that local governments should be able to enact ordinances that serve and protect their communities” said Harris Mauer.

All four Democrats on the Judiciary Committee voted no.

So far, this legislation has gotten more traction in the Senate, where its supported by the Senate President. 

State Lawmakers begin their annual sixty day session a week from Tuesday on January 11th, and if SB 620 becomes law, businesses will have to have been in operation for at least three years to be eligible to sue. They must also provide 180 days notice before filing suit.

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