First of the year updates on the development of 2018 state budgets. Alaska and Wyoming are interesting to note as they respond to pressure in the energy industry.
- Decrease in state dividend payments from the state energy industry to address the $2.5B budget gap.
- Reduces funding to a number of agencies.
- $40M requested in new funding for projects around technology-based economic development and industry diversification.
- Goal to increase general fund by 2.6% ( coming back from $500M gap)
- $86.9M higher education spending, of which, $33.2M focused on offsetting tuition costs.
- $3.1M for restoring the Energy Office, which ended last year. This would extend the state’s export incentive for another five years at $175K.
- $225K for two broadband staff
- $21.4B in K-12 public education.
- $15M for computer programing from middle and high school levels.
- $3.7B for Florida colleges and universities.
- $1.75M for assistance to veterans looking for employment or entrepreneurship.
- $7M program for community college assistance to approved applicants.
- $400K for Innovate Mississippi, a private-public partnership technology focus economic development.