TALLAHASSEE, FL – January 15, 2020 – Dean Cannon, GrayRobinson’s president and chief executive officer, was quoted in the Bisnow article “The CRE Issues To Watch As Florida's Legislature Convenes,” discussing Florida commercial real estate issues to watch in 2020.
“The commercial rent tax could likely get cut a bit more, and that water quality and environmental funding will loom large, especially because DeSantis has been vocal about those issues,” explains Cannon. "The House and Senate will want to deliver a good environmental message because it's an election year. I think they have the collective political will to get something done."
Appropriations decisions — such as which projects get funding, and whether the affordable housing trust gets raided again — are likely be influenced by economic forecasts that legislators receive in February.
"That's the last one we get before [voting on] the budget. It's always sort of a question mark," Cannon explains. "All budgeting is balancing an infinite number of priorities against a finite number of dollar. There's no perfect policy — just a best effort at balancing the interests."
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