🍊 THE WEEKLY SQUEEZE

June 17, 2025

🏛️ Florida legislators passed a $115 billion spending plan Monday night for the fiscal year that starts July 1.  (Florida Phoenix)

  • The budget agreement reached Friday eliminates the state’s 2% tax on rent paid by businesses.
  • It also adds a sales tax exemption for back-to-school items during August, a permanent exemption for disaster preparedness and exemptions for sunscreen, life jackets and helmets. 

🚲 New concrete bicycle buffers on Lake Worth Road are confusing some drivers and not necessarily protecting cyclists, who tend to use the wide sidewalks next to the roadway, Palm Springs officials say. (The Palm Beach Post $$$)

💰 David Gitlin of Palm Beach Gardens-based Carrier Global Corp. is the highest paid CEO of a publicly traded company based in South Florida. Gitlin’s total compensation in 2024 was $65.7 million, according to research by C-Suite Comp. Juno Beach-based NextEra Energy’s John Ketchum came in at No. 5 with total compensation last year of $21.6 million. (WLRN)

🐢 Gumbo Limbo Nature Center’s turtle hospital is shutting down because of challenges raising money, the leaders of the nonprofit that runs the 40-year-old Boca Raton operation said. (The Coastal Star)

✍🏼 As expected, Gov. Ron DeSantis signed a bill into law Friday that includes a provision to rename Southern Boulevard between Kirk Road and South Ocean Boulevard in Palm Beach for President Donald Trump. (Florida Politics)

Palm Beach billionaire Leonard Lauder, 92, heir to the Estée Lauder cosmetic fortune, died Saturday in New York.  (Palm Beach Daily NewsThe New York Times gift link)

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