April 19, 2024

Florida's Finances

The State's Budget- Two Opposing Views of How Florida Spends Its Money

Are We Tightwads... Or Big Spenders?

Mike Vogel | 3/1/2011

Are We Tightwads ...

Tightwad
[Illustrations: Jeff Papa]

Glenn Robertson

"The state government budget is really a public investment portfolio for all citizens and businesses. Each of us is providing tax money to the state to invest on our behalf for the things we want or need. When somebody's investing on our behalf, they should be telling us what are the pros and cons of reducing our investment in that."

— Glenn W. Robertson, president, Glenn W. Robertson & Associates consulting firm, Tallahassee, former director of state planning and budgeting and director of policy and finance


Espenses vs Output
Expenses vs. Output

For all the talk of wasteful government spending, the state budget as a percentage of Florida's Gross State Product is lower now than in 1999.

Compared to Other States ...

> Florida's expected $3.6 billion-plus budget gap is less than 6% of revenue.
> Illinois, which has a $13-billion deficit, in January jacked up the state's individual income tax rate by 2 percentage points and its corporation tax by 2.2 points.
> California has a $25-billion deficit that Gov. Jerry Brown says will necessitate massive cuts to services and higher education along with sales and income tax increases.

Bang for the Buck

Florida has the lowest state-employee-to-resident ratio in the country. Per capita spending on state employees is also the lowest in the country.

Year Florida’s Budget State Government Workforce
1999 $45.6B 128,778
2000 $48.2B 127,624
2001 $52.5B 124,838
2002 $46.9B 121,019
2003 $48.6B 115,854
2004 $51.8B 118,524
2005 $58.3B 118,030
2006 $61.6B 118,179
2007 $66.1B 115,370
2008 $64.4B 115,898
2009 $60.7B 113,565
2010 $62.0B 128,850
2011 $70.5B 126,764
Source: U.S. Bureau of Economic Analysis

Tags: Politics & Law, Government/Politics & Law

Florida Business News

Florida News Releases

Florida Trend Video Pick

Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive
Giant domino line of cereal boxes falls to celebrate Cereal for Summer Drive

About one thousand cereal boxes were lined up by Achieva Credit Union employees in honor of the donations.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.