TALLAHASSEE, Fla. – Feb. 4, 2019 – Florida Governor Ron DeSantis released his budget recommendations on Friday and has proposed a significant amount of money to tackle issues important to Florida's Realtors and homeowners.
His recommendations include a variety of Realtor priorities, such as high levels of environmental funding and full funding for affordable housing projects.
"Realtors should be very excited by what we're seeing in the governor's budget recommendations," says Florida Realtors President Eric Sain. "We haven't seen full funding from the housing trust funds in over a decade, and he is recommending $625 million for projects that fight things like red tide and toxic algae. These are some serious numbers that can help address some of Florida's biggest issues."
Notable Realtor-priority highlights of the governor's budget recommendations
- Environment and water issues: $625 million for environmental spending, which includes $360 million for 22 Everglades water restoration projects, $25 million to combat red tide and toxic algae coming out of Lake Okeechobee, $125 million for various water quality improvements, and $50 million for springs restoration.
- Housing trust funds: Full funding of the State and Local Government Housing Trust Funds, which would amount to $338.4 million for affordable housing projects.
- Unlicensed activity: $500,000 to fund unlicensed activity enforcement relating to real estate.
- Mapping: Authorization for the Division of Emergency Management to continue LIDAR (Light Detection and Ranging) mapping the state.
Each year, Florida's governor releases budget recommendations in advance of the legislative session, which runs for 60 days and begins on March 5.
Although the Florida Legislature isn't required to follow DeSantis' recommendations, they often serve as a useful framework that can be used to develop and pass a budget that the governor will sign.
© 2019 Florida Realtors®