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Florida TaxWatch Announces Thurs., April 14 as 2022 Florida Taxpayer Independence Day

Press Releases
/ Press Releases / 3 minutes of reading

Tallahassee, Fla. – Florida TaxWatch announced that tomorrow, Thurs., April 14 marks the 2022 Florida Taxpayer Independence Day. This symbolic occasion assumes that every dollar Floridians earned since the start of the year goes to pay local, state, and federal taxes, but now, they will finally begin earning for themselves. Based on the relative size of all taxes paid in Florida to the state’s total personal income, it took taxpayers an average of 103 days to satisfy their tax obligations this year, four more days than in 2021. 

New General Revenue Estimates Add Another $4.0 Billion to Amount Available for the Next Budget

Budget & Appropriations, Research
/ Budget & Appropriations, Research / 3 minutes of reading

With state coffers already swelling, the General Revenue Estimating Conference (REC) met on January 21, 2022, to develop the state’s new forecast for general revenue (GR) collections. This is the revenue estimate that the 2022 Legislature will use for the new FY2022-23 state budget. The REC increased its estimate for GR collections by $3.3 billion in the current year (FY2021-22) and by $704 million in FY 2022-23. This means lawmakers have another $4 billion available to spend. Florida was already in its best fiscal shape in history.

Budget Watch – FLORIDA GENERAL REVENUE COLLECTIONS HAVE OUTPACED ESTIMATES FOR 14 CONSECUTIVE MONTHS

Budget & Appropriations, Research
/ Budget & Appropriations, Research / 2 minutes of reading

The Florida TaxWatch Budget Watch series has been detailing the rapid recovery of the state government’s revenue collections from the initial precipitous drop in the early months of the COVID-19 pandemic. We have highlighted how current General Revenue (GR) estimates are back above the last pre-pandemic estimates. Coupled with billions of dollars in federal aid, Florida is in enviable fiscal shape as the Legislature heads into the 2022 Regular Session.

Florida TaxWatch Releases 2021 How Florida Compares: Taxes

Press Releases
/ Press Releases / 2 minutes of reading

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released 2021 How Florida Compares: Taxes, which includes an analysis of Florida’s state and local tax rates, tax collections, and other government revenues and compares the data to the 49 other states and the national average. The report is part of the taxpayer research institute’s larger How Florida Compares series, providing neutral, nonpartisan information intended to help Floridians better understand their state. 

Florida TaxWatch In the News (September 2021)

In the News
/ In the News / 4 minutes of reading

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!

Florida TaxWatch In the News (July 2021)

In the News
/ In the News / 5 minutes of reading

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Florida TaxWatch: Back-to-School Sales Tax Holiday Will Save Shoppers $69.4 Million

The 2021 B-T-S Sales Tax Holiday is here

Blog
/ Blog / 3 minutes of reading

Folks, the school year is right upon us. We are all about to get back into bus stop routines, bus stop traffic, haircuts, new shoes, and the ubiquitous school supplies. Luckily, thanks to a now-routine annual ritual, next week starts 10 days of many of those things being exempt from sales taxes. 

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