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May 29 - legislature approved a $114.5 billion state budget…

Major allocations include K-12 Education ($21 B), Higher Education ($9.9 B), Healthcare spending ($49.2 B), environmental projects ($2.5 B), and Budget Reserves ($17 B). 

June 1-2 Special Session….Legislature adoptes measure for property tax relief Constitutional amendment….provides incremental increases of homestead exemption from $50,000 to $250,000 then $500,000

County CFO Ryan Ossowski told Council that Legislature’s property‑tax  changes — including a lower the non‑homestead assessment cap  and adding new supermajority voting rules for certain millage increases — could significantly reduce County revenue starting in 2027 if voters approve the amendment…..warned the cuts could create a $92.8 million  shortfall by 2028

City Meetings Update…..

June 3 - DB City Commission

June 1 - Deltona City Commission appointed Davison Heriot as the City’s representative to Team Volusia’s Executive Committee and Board of Directors

June 1 - Deland City Commission addressed several grant applications related to infrastructure at the Deland Airport

June 1 - Edgewater City Council

June 3 – DeBary City Council hired a consulting firm to prepare Non-Ad Valorem Fire Assessment Rate Study for the City

June 9 – Orange City Council will conduct a workshop regarding concept a Fire Assessment Fee….

June 2 - County Council….

This week in Congress…

New Chair of Federal Reserve Bd Kevin Warsh’s first policy meeting  will be June 16–17…… fed funds rate is currently 3.50%–3.75% Will they raise or pause or lower interest rates?

Community Commentator John Nicholson discusses……