Florida TaxWatch is pleased to present taxpayers with a guide to the FY2023-24 state budget, which went into effect July 1, 2023. The 2023 Legislature appropriated a total of $118.7 billion for FY2023-24. This Budget Guide includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-the-bill” spending, and appropriations made in general bills—net of the Governor’s vetoes.
The annual Florida TaxWatch How Florida Compares: Taxes report ranks Florida’s state and local taxes against those levied around the nation. The nearly 40 tables, charts, and graphs in this report provide comprehensive information on state and local tax rates, tax collections, and other government revenues for all 50 states, and historical information for Florida.
Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released How Florida Compares: Taxes 2022, a comprehensive analysis of state and local tax rates, tax collections, and other government revenues for all 50 states, in addition to historical information for Florida. The annual report is part of the taxpayer research institute’s larger How Florida Compares series, providing balanced, nonpartisan information intended to help Floridians better understand where their state ranks in terms of taxes when compared to the 49 other states and the national average.
Tallahassee, Fla. – Today, in partnership with Associated Industries of Florida, CareerSource Florida, the Florida Chamber of Commerce, Enterprise Florida, and FloridaMakes, Florida TaxWatch is releasing a report entitled Producing More Talent: MakeMore Manufacturing Summit 2022 Summary Report. The report summarizes presentations made at the fourth annual MakeMore Manufacturing Summit in October 2022, themed “Producing More Talent,” as well as focus group discussions held prior to the Summit among representatives from a variety of companies across the state that depend on a strong manufacturing workforce.
Florida has remained in good financial standing this past fiscal year. This is also true of the state’s debt position. FY 2021-22 marks the ninth consecutive year with a debt ratio below the six percent target established by the Legislature. In addition:
The Revenue Estimating Conference (REC) met on August 16, 2022, to develop the state’s new forecast for general revenue (GR) collections. After the close of FY2021-22, which wildly exceed revenue expectations, the REC increased the estimates for FY2022-23 and 2023-24 by a total of $5.3 billion.
Florida TaxWatch is pleased to present taxpayers with a guide to the FY2022-23 state budget, which went into effect July 1, 2022. The report includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-bill” spending, and general bills—net of the Governor’s vetoes.
In early June, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for the Quarter Ended March 31, 2022 (“Quarterly Report”). This report provides updated information on the implementation of the District’s SMART Program and the use of general obligation bond funds to purchase and install technology upgrades, purchase music and arts equipment, improve school safety, upgrade athletic facilities, and renovate educational facilities.
Tallahassee, Fla. – Today, during Florida TaxWatch’s (FTW) spring meeting in Tampa, the taxpayer research institute released 2022 How Counties Compare. Complementing the larger How Florida Compares research series, this report analyzes Florida’s 67 counties and the myriad of local governments within the state, offering community leaders, elected officials, and members of the media insight into tax rates, tax collections, other revenue sources, and government expenditures.
On Thursday, April 14, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2022. On that day, Floridians are finally earning money for themselves–not for the tax collector. This symbolic date assumes that every dollar earned since January 1 goes to pay federal, state, and local tax obligations. This measure of tax burden is based on the relative size of all taxes paid in Florida to our state’s total personal income. In 2022, for the average Florida household, paying its taxes takes 103 out of 365 days, nearly three and a half months.
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