EDR RELEASES FINAL RESULTS OF THE POST-SESSION 2007 REVENUE ESTIMATING IMPACT CONFERENCE

The Office of Economic & Demographic Research (“EDR”) has released the final results of the Post-Session 2007 Revenue Estimating Impact Conference.  Attached please find these results along with back-up materials.

EDR provides independent forecasting capabilities to the Legislature through estimating conferences.  Collectively, the conferences establish the budget constraints for the State of Florida and provide the basic caseload information that drives over 50 percent of the state budget.

EDR conducts impact assessments of proposed policy changes at the request of legislative committees or other members of an estimating conference.  Most of these assessments are for tax proposals or changes in the criminal sentencing laws.  In these cases, EDR’s estimates are incorporated in the committee bill analysis or fiscal note.  In other cases, legislative committees will request EDR to take a particular proposal to a consensus estimating conference to obtain an impact estimate that is formally agreed to by both houses of the Legislature and by the Governor.

EDR also estimates the financial yields from proposed bonding programs and, since 1988, estimates the impact of changes in the state’s employee health insurance program.

Although EDR primarily serves the Legislature, it also works with Cabinet agencies and statewide commissions and task forces that have legislators among their membership to assess the impact of proposals they are considering for submission to the Legislature.

 

Should you have any questions or comments regarding this information, please feel free to contact this office.