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Florida TaxWatch News Clips (Aug 1- 15)

In the News

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!

2017-18 Taxpayers Budget Pocket Guide

Budget & Appropriations, Local Government, Research, Taxes, Taxpayer Guide

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2017-18 state budget, which went into effect July 1, 2017. After deducting the Governor’s vetoes, the net result is FY2017-18 appropriations totaling $85.158 billion, a $2.9 billion (3.5%) increase over FY2016-17.

Budget Watch – Budget Outlook for FY2017-18 Getting Tighter

Budget & Appropriations, Research

Just as they did at their last conference in January, Florida’s revenue estimators reduced the state’s General Revenue (GR) projections. The GR Estimating Conference met on August 15, 2016 and reduced expected collections by $131.9 million in the current year (FY2016-17) and by $131.1 million for the next budget year (FY2017-18).

2015-16 Government Efficiency Task Force Report

Cost Savings, Research

Pursuant to Article III, section 19(i) of the Florida Constitution, the Government Efficiency Task Force (“Task Force”) is pleased to submit its final recommendations to the Governor, the Chief Justice of the Supreme Court, the Chair and Vice Chair of the Legislative Budget Commission. The enclosed report includes 29 recommendations which, if implemented, will significantly improve the efficiency of government operations and will reduce the costs of government by more than $2 billion annually.

Budget Watch – Budget Process Underway for FY2017-18

Budget & Appropriations, Research

The FY2017-18 budget process is now underway. The Governor’s office recently provided budget instructions to state agencies to use in formulating their legislative budget requests (LBRs), which are due on October 14. The Governor will then use the LBRs to develop his budget recommendations, which must be provided to the Legislature at least 30 days before the start (March 7) of the 2017 Legislative Session.

Budget Watch – Governor’s FY2016-17 Recommended Budget

Budget & Appropriations, Cost Savings, Research, Taxes

Florida legislators received news this week that they will have $395.6 million less to spend on the next state budget than originally anticipated. Citing weaker corporate profits and adverse developments in the international economy, the state General Revenue (GR) Estimating Conference decreased its estimates of GR collections in each of the six years in its forecast horizon.

2016 Economic Preview

Economic Development, Research

As we kick off 2016, Floridians can look forward to consistent growth in the Florida economy. As shown in the December 2015 Economic Commentary, Florida experienced strong job growth in 2015, adding nearly a quarter of a million jobs. Heading into 2016, Florida’s job market is widely expected to maintain its course as the Florida economy as a whole continues to strengthen. One of the most commonly used metrics to measure a state’s economy is the Real Gross State Product (RGSP), which measures the value of economic output for a given state, adjusted for price changes stemming from inflation or deflation. Florida’s RGSP is expected to grow 3.1 percent in 2016, which is roughly a half a percentage point higher than the United States.

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