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Still waiting: Senators get non-answer from FDFC on All Aboard Florida bonding

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All Aboard Florida

Still waiting. A pair of Republican lawmakers have yet to receive an adequate explanation from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida. The rail project is seeking to offer passenger service from Miami to West Palm Beach with the possibility of future service to Orlando. In 2015, the FDFC approved the issuance of $1.75 billion in bonds for All Aboard Florida, a move that led Martin and…

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FDFC silent after lawmakers question All Aboard Florida bonding process

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Two Republican lawmakers are still waiting for a response from the Florida Development Finance Corporation about its approval of a $600 million private equity bond application for All Aboard Florida. The rail project is seeking to provide passenger service from Miami to West Palm Beach and, eventually, service to Orlando. FDFC approved the issuance of $1.75 billion in bonds for All Aboard Florida back in 2015, but Martin and Indian River counties brought forward a suit alleging that the project…

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Florida poised to approve a nearly $82.3 billion budget

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Putting behind a year’s worth of rancor, the Florida Legislature on Friday will approve a more than $82.3 billion budget that includes a slight boost in money for schools but also rejects many of Gov. Rick Scott‘s main priorities. Just a few months ago the Republican-controlled Legislature was rushing to pass a budget to avoid a state government shutdown. This time the House and Senate put together a spending plan for this year that increases the state budget by roughly…

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House, Senate still divided over major budget items

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Florida legislators tried over the weekend to hammer out budget decisions on everything from hospital spending to money for Everglades restoration. But as they slogged through spreadsheets, proviso language and dollar amounts fault lines quickly developed between the House and Senate over everything from member-backed projects, education policy and whether to borrow money to pay for land acquisition and other environmental projects. Some legislators had been hopeful that they could reach a deal on the budget by the end of…

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