Deltek Analyst Randi Powell reports.
As Florida Governor Rick Scott enters the second year of his first term, he confronts similar budget obstacles for FY 2013 as he did in FY 2012, with declining tax revenues and a deficit in the billions. Scott also faces another year of slow economic recovery, in addition to a population boom of more than 250,000 new state residents and depleted federal stimulus funds. Despite these challenges, Scott is pressing on with last year’s initiatives of trying to achieve a smaller government through reduced spending, and trying to boost private sector growth through tax cuts and deregulation. Scott presented his FY 2013 state budget recommendations on Dec. 5, 2011, with numbers that fell in lockstep with those initiatives.
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