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Gov. Rick Scott proposes $74.2 billion budget

Gov. Rick Scott on Thursday unveiled details of a $74.2 billion budget proposal — the largest in Florida history.

Scott, who is seeking re-election in 2014, proposes to increase spending statewide by $4 billion, including $1.25 billion more for education. Much of that would cover a $2,500 teacher pay raise and a pension fund contribution that won’t be felt in classrooms.

“It’s the right thing to do for our children,” Scott said of his spending plan as he stood at a lectern adorned with his budget logo, “Florida Families First.”

As a candidate in 2010, Scott campaigned on a promise to shrink government, and his first budget in 2011 cut school spending by $1.3 billion. But his spending plan contains one of the biggest one-year increases in spending in Florida history.

Follow the developing story here.