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Revenue Estimating Impact Conference

State economists expect an additional 1,700 PreK-12 students next year

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House and Senate budget negotiators who’ll begin conference negotiations next week will have to account for more than 1,700 additional students, state economists concluded Friday. That may not sound like a lot in the context of the more than 2.8 million kids enrolled in the PreK-12 system. Still, it adds up to nearly $12.3 million under the least generous formula pending in the Legislature. “At this point, any difference is painful to them,” Amy Baker, head of the Office of…

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State officials: Medical cannabis expansion could add $11.4 million in revenue

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A panel of state economists has estimated a minor expansion in Florida’s fledgling medical marijuana regime could add up to $11.4 million in new tax revenue. The Revenue Estimating Impact Conference met on Tuesday for its annual post-Session hearing, where economists from the Legislature, Governor’s office, and state agencies analyzed the likely fiscal costs and benefits of new laws approved during the 2016 lawmaking period. The highest-profile bill considered by the panel was HB 307, an expansion of the state’s “Right…

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