About 10,100 people chose to enter retirement or exited the state’s deferred retirement plan ahead of new laws kicking in on July 1, an increase of more than 900 people from the same time last year.
Florida
The Week Ahead in Tallahassee: Florida Cabinet, School Financing and Nukes
The Florida Cabinet meets for the first time since June 2, the Village Square takes on Florida’s post-Fukushima nuclear energy future, the State Board of Education takes on school financing. The week’s full line-up.
GMAC Mortgage Machination: Don’t Have Document to Foreclose? Make It Up
When GMAC, one of the nation’s largest mortgage servicers, sought to foreclose on a homeowner last year and lacked a crucial document, the company just made one up, pointing to a pattern of deceptive filings to foreclose on homeowners.
Students as Customers, Universities as Businesses: Scott’s Plan To Texify Higher Ed
Gov. Rick Scott is following Texas Gov. Rick Perry’s lead in higher ed: merit pay for professors, tenure reform, and generally a greater emphasis on business-like measurement of whether professors are turning out students that meet certain goals.
Attorney General Bondi’s Motive Questioned in Firing of Mortgage Fraud Investigators
Florida Attorney General Pam Bondi fired two assistant attorneys general who were heavily involved in investigating alleged mortgage fraud, including focusing on one firm that had contributed to Bondi’s campaign. Bondi says they had “shortcomings.”
Gov. Rick Scott on Impending Federal Government Shutdown: What, Me, Worry?
Rick Scott is unconcerned about the federal shut-down, saying its impact on Florida will be “minimal.” Much of the evidence says otherwise as millions of Floridians’ including Social Security and food stamps recipients, may be affected.
Florida Supreme Court Stubs Out Big Tobacco Appeals of Multi-Million Dollar Verdicts
The Florida Supreme Court this week rejected four appeals by tobacco companies fighting verdicts ranging from $3.35 million in Escambia t $1575 million in Alachua, each including R.J. Reynolds. The companies plan to appeal to the U.S. Supreme Court.
Unemployment Again Rises in Flagler, To 14.6%, and Stalls in Florida at 10.6%
The number of unemployed people in Flagler County jumped from 4,526 in May to 4,779 in June, a 5.3 percent increase, while the county workforce has decline by 2.3 percent over the year.
End of “Medicaid Tax Gimmick,” a Deficit Drag, Would Cost Florida Nursing Homes Millions
Medicaid payments to nursing homes were cut by $187.5 million this year. The end of the Medicaid “gimmick” would reduce nursing home budgets further, but help balance the federal budget deficit.
“Unsustainable” Florida Retirement System (Says Gov. Scott) Has Best Gains in 25 Years
The Florida Retirement System pension plan gained $19 billion in the fiscal year that ended on June 30. The 22 percent gain is the biggest in 25 years. The total value of the pension plan has soared to $128.4 billion, among the best in the nation.