FOR IMMEDIATE RELEASE: Thursday, March 5, 2026 CONTACT: Christina Johnson Tallahassee, Fla. – Today, Thursday, March 5, Florida TaxWatch (FTW) will proudly announce that Dr. Carter G. Woodson […]
FOR IMMEDIATE RELEASE: Thursday, February 12, 2026 CONTACT: Christina Johnson Tallahassee, Fla. – Today, Thursday, February 12, Florida TaxWatch (FTW) will proudly announce that Irving & Beatrice Peskoe K-8 Center
FOR IMMEDIATE RELEASE: Friday, February 6, 2026 CONTACT: Christina Johnson Tallahassee, Fla. – Today, Friday, February 6, Florida TaxWatch will proudly announce that Bond Elementary School Principal Delshuana
Tallahassee, Fla. – Today, Florida TaxWatch released Florida Economic Forecast: 2024 – 2030 / Q3 2024, the third economic commentary in their quarterly series. The data upon
Tallahassee, Fla. – Florida TaxWatch is announcing that tomorrow, Thurs., April 18 is Florida Taxpayer Independence Day 2024. This symbolic occasion assumes that every dollar
One only needs to look at the experience of other states that have reduced or eliminated their tourism marketing efforts to understand what will happen if VISIT FLORIDA is eliminated. States like Colorado and Washington that have drastically cut or eliminated their investment in travel promotion have experienced immediate and long-term negative economic impacts. Destinations that fail to invest consistently in travel promotion will see visitors, jobs, and tax revenues go elsewhere. Should Florida choose to follow suit, tourism and the economic activity and taxes it generates will certainly decline.
Florida’s General Revenue (GR) Estimating Conference met on August 16 and forecast that the state would collect $13.1 million less than expected in FY2018-19 and $19.5 million less in FY2019-20. This reduces the estimated GR that the Legislature will have for the next state budget by $32.6 million, a change of less than one-tenth of 1 percent.
Actual net GR collections for the fiscal year that that just ended exceeded the last estimate (February 2018, adjusted for legislative changes) by $205.2 million (0.66 percent). This will be added to the unobligated FY2018-19 GR (cash reserve) balance of $1.026 billion to be carried forward to the next budget year (FY2019-20). These numbers, along with the current cycle of the state’s Estimating Conferences, can begin to define the fiscal outlook for the next state budget that will be developed by the 2019 Legislature.
The 2018 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.
The House unveiled its 2018 tax cut package (HB 7087) almost a month ago, while the Senate’s did not appear until week 8 of the session when it was amended onto SB 620 in the Appropriations Committee. The bills have a lot of similarities, but there are big differences that will have to be negotiated before a final tax cut package is approved.
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