PECO Funding Dries Up; What Does it Say About Rick Scott’s Economic Policies? | Scathing Purple Musings

PECO Funding Dries Up; What Does it Say About Rick Scott’s Economic Policies? | Scathing Purple Musings:

PECO Funding Dries Up; What Does it Say About Rick Scott’s Economic Policies?

by Bob Sikes

In the Miami Herald, Mary McGrory writes:

TALLAHASSEE – There isn’t likely to be any new money for school construction and maintenance for the next few years, Florida economists said Friday.

That’s because state officials expect to receive less revenue next year from the Gross Receipts Tax, a tax on electric, telephone and cable bills that supports the Public Education Capital Outlay, or PECO, fund.

Adding to the problem, the state will no longer be able to sell a $250 million bond issue – and will