State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure on lawmakers as they craft a new state budget.
Gov. Rick Scott is looking to give Florida corrections officers a pay raise, including $38 million for the state’s prison system in his proposed budget. Mary Ellen Klas of the Miami Herald reports that the increase, part of the budget Scott will announce Tuesday, is for “officers up to and including the rank of captain.” Also, Scott wants to offer a $1, 000 signing bonus to new officers at certain understaffed prisons, and boost pay for officers at prison mental-health…
