Q4 2019-20 Broward Schools SMART Program Report Review
Broward Schools Bond Oversight (SMART Program), ResearchPresented to the Broward County Bond Oversight Committee October 5, 2020
Presented to the Broward County Bond Oversight Committee October 5, 2020
After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate.
Presented to the Broward County Bond Oversight Committee March 9, 2020
As of 2010, there were 2.5 million Floridians in their 50s, 2.1 million Floridians in their 60s, 1.4 million Floridians in their 70s and almost 1 million Floridians in their 80s and above. There is every reason to believe that these numbers will continue to rise. Recent estimates predict that Florida’s 65 and older population will represent 24.1 percent of Florida’s overall population by the year 2030. As Florida’s population continues to age, the elderly population will require vastly different and more costly forms of health care, such as long-term care for chronic conditions, more frequent examinations and follow-ups, and services and care for cognitive and mental impairments.
The 2019 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida’s taxes compare to other states and the national average across a wide variety of metrics.
TALLAHASSEE, Fla. – Florida TaxWatch (FTW) today announced the winners of the 2019 TaxWatch Productivity Awards (TPA), which is celebrating 30 years of recognizing and rewarding the dedication and hard work of state employees who find ways to improve services, increase efficiencies and save taxpayers hundreds of millions of dollars each year. The awards program is presented by Kyra Solutions, Inc.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released the Budget Turkey Watch Report, its annual independent review of the state’s FY2019-20 budget. The report promotes additional oversight and integrity in Florida’s budgeting process and is based on the principle that because money appropriated by the Legislature belongs to the taxpayers of Florida, the process must be transparent and accountable, and every appropriation should receive proper deliberation and public debate.
TALLAHASSEE, Fla. – Today, in honor of the TaxWatch Productivity Awards (TPA) program’s 30 th year, a Cabinet Resolution, sponsored by Chief Financial Officer Jimmy Patronis, officially designated July 2019 as “TaxWatch Productivity Awards Recognition Month.”
On Thursday, May 2, the Senate took up the tax package passed by the House (HB 7123) and adopted a strike-all amendment that put the Senate package on the bill. It kept many of the provisions (with some changes), added some new provisions, and removed one controversial provision, and changed another.
TALLAHASSEE, Fla. – On Sunday, April 14, Floridians will celebrate the first day of the year where taxpayers are finally earning money for themselves and not for the tax collector. Taxpayer Independence Day, calculated by Florida TaxWatch, accepts that every dollar earned since January 1 goes to pay federal, state, and local obligations. This year, it will take the average Florida family 103 out of 365 days – or almost three and a half months – to satisfy its tax obligations. Looking at it another way, it takes two hours and 15 minutes of every eight-hour workday to earn enough to pay your taxes.
