Subsidies

FL Lawmakers Cut Funding for Business Subsidies

Let 'em make their own money

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TALLAHASSEE – Funding for Florida's leading tax "incentive" organization is on the chopping block.

With only a handful of days left in Florida's two-month annual legislative session, lawmakers from both the House and Senate are drastically departing from Gov. Rick Scott's $278 million funding request for an organization called Enterprise Florida Inc.

In a legislative conference committee on Tuesday, lawmakers offered just 20 percent of Scott's budget request for "economic development incentives," and less than half of the current year's $111 million subsidies budget.