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ARTICLE · 06 APRIL 2021

Capitol Update – March 26, 2021

Buchanan Ingersoll & Rooney
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Appropriations subcommittees released their respective, initial spending plans this week beginning the budget process that will cumulate in passage of the 2021-22 Fiscal ...

United StatesGovernment, Public Sector
Buchanan Ingersoll & Rooney PC
Buchanan Ingersoll & Rooney PC
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Budget Update

Appropriations subcommittees released their respective, initial spending plans this week beginning the budget process that will cumulate in passage of the 2021-22 Fiscal Year State Budget. The chairs' proposals will likely be taken up Wednesday and Thursday of next week by both the House and Senate full budget committees, before being debated and passed by each chamber. After passage, the budget conference process is expected to begin the second to last week or last week of Session, to negotiate the differences between the Senate and House proposals.

Even though Florida is expected to receive $17 billion from the American Rescue Plan Act, the Legislature must base their budget on expected revenues from the Revenue Estimating Conference, which has forecasted a $2.7 billion deficit. However, because of the better than expected economic rebound, numbers are expected to improve before lawmakers finalize their budget in April which could ease cuts. The

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