Gov. Scott: 'State budget meet my core principles'

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Setting the stage for a timely ending of session, House and Senate conferees early Tuesday reached a deal on the state’s $68 billion spending plan that includes $308 million in tax breaks, and no cuts to the state’s Medically Needy program or substance abuse efforts, reports the News Service of Florida. In what Gov. Rick Scott called “a great first step” and a “huge win” for business owners, the plan will take some businesses off the corporate tax rolls. Though that falls far short of the tax rate cut he wanted, Scott pledged that he will continue to push for more, and said getting a reduced version was “part of the legislative process.” “The House and Senate budget committees have produced a budget that meets my core principles,” Scott said in a post-Cabinet availability with reporters. “The business tax cut is a huge win for business owners in Florida. It’s a great first step toward phasing out the business tax over seven years.” Legislative budget chiefs Sen. JD Alexander and Rep. Denise Grimsley announced the pact Tuesday morning after nearly all-night negotiations between the chambers to bring the budget in for a landing, a difficult task as they faced a $3.8 billion shortfall.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.