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Florida TaxWatch News Clips (June 15 – 30)

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!

Taxpayer Independence Day 2019

Research, Taxes

On Sunday, April 14, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2019. 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.

The Taxpayer’s Guide to Florida’s FY2024-25 State Budget

Budget & Appropriations, Research, Taxpayer Guide

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2024-25 state budget, which went into effect July 1, 2024. The 2024 Legislature appropriated a total of $118.6 billion for FY2024-25. 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.

Taxpayer Independence Day 2023

Research, Taxes

Tuesday, April 18, Florida TaxWatch joins the taxpayers in our state in celebrating Florida Taxpayer Independence Day 2023. 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 2023, on average, it takes Florida 107 out of 365 days to pay its taxes, or three and a half months. Floridians are experiencing tax collections that are growing faster than the personal income to pay for them, so it will take taxpayers four more days to achieve tax independence than it did last year, when the date was April 10. After Taxpayer Independence Day came earlier in six straight years, this is the second consecutive year the date falls later on the calendar. Independence is coming nine days later this year than in 2020, when the pandemic led to reduced tax collections.

How Florida Compares: Taxes 2022

Research, Taxes, Taxpayer Guide

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.

Instructional Expenses: Prek-12 Education Spending

Blog, Education, Research

Where and how well our school districts spend our education dollars can have a profound impact on student academic achievement and success. Historically, education makes up about one-fourth of Florida’s total budget. Florida TaxWatch believes that shifting education spending away from administrative and other expenses and toward classroom/instructional expenses is beneficial.

ARE BIG PROPERTY VALUE INCREASES GOING TO MEAN BIG TAX INCREASES?

Budget & Appropriations, Research, Taxes

Florida’s housing market is raging, with growth in property values not seen since the housing bubble. Property appraisers certified the state’s taxable value for 2022 on July 1 and these values are currently being used by local governments and school districts in setting new property tax rates and developing budgets for FY 2022-23. The growth in property values has set the stage for what could be significant tax increases for Florida’s citizens and businesses.

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