Senate President Joe Negron (R-Stuart) today released the following statement regarding the February General Revenue Estimate, which will be finalized later today.
“While today’s news is positive, past experience shows us that revenue estimates can fluctuate and circumstances change. It is always best to remain cautious and prudent. For that reason, the budget we passed off the Senate floor yesterday maintains over $3.4 billion in total reserves.
“We always look forward to getting updated estimates, which help us finalize our budget planning. However, with the new estimate relatively unchanged from the estimate we used to develop the Senate budget, I do not expect that today’s news will necessitate significant changes in our budget development. As we move into the second half of the 2018 Legislative Session, we look forward to a productive budget conference with our House colleagues and to producing a balanced budget that meets the needs of our growing state.”