Florida’s Senate has a new president in Republican Bill Galvano, who was sworn in last week —and he's already looking at what’s to come out of this legislative session. Just a week after State officials touted unemployment numbers they say are the lowest since 2007, Galvano said he would take a balanced approach in considering tax cuts.
"We have reduced taxes on a regular basis, I also referenced our reserves and regulation. And we’re in a great position with our economy," Galvano said. "I think you have to look at that issue and the totality of what’s required in terms of planning and being prepared for the future – what our budget looks like."
The newly sworn-in Senate President didn’t say whether tax cuts will come out of the upcoming session. He says there are a number of factors at play in the decision.
"We have some big ticket items. Hurricane Michael was a big ticket item, by accounts from my staff and others, that are going to affect our budgetary decisions," Galvano said. "And we have reserves to replenish. So, I’m going to be balanced about it, for me it’s not just cutting taxes for the sake of cutting taxes."
The 2019 Legislative Session kicks off in March.
