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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.

Transferring Utility Profits to a Municipality’s General Fund Increases the Risk of Undercapitalization of Water Assets and Violate Taxpayer Accountability

Local Government, Research, Taxes

Setting water utility rates that incorporate the recovery of the costs associated with standard operating expenses and debt obligations is essential to ensuring the short-term and longer-term financial stability of the utility. Once these costs are covered, many publicly owned utilities make transfers to the General Fund (a practice known as “sweeping”) ostensibly to help pay for governmental services that do not generate revenue (e.g., roadway maintenance, public safety, etc.) and to help keep property taxes lower. Keeping property taxes low often means higher municipal utility rates to balance the general budget, a habitual practice that burdens utility customers with cross-subsidies and normalizes underinvestment in infrastructure.

Florida TaxWatch Announces Taxpayer Priorities for 2023 Legislative Session

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch released a list of taxpayer priorities for the 2023 Legislative Session, which begins on Tues., March 7 and is scheduled to adjourn on Fri., May 5. The list reflects a range of issues that the independent, nonpartisan taxpayer research institute has examined and will continue to closely monitor during the upcoming session. 

Demographic Data for Businesses and the Census

Blog, Census, Research

On Wednesday, August 31, Florida TaxWatch hosted a webinar “Demographic Data for Businesses & the Census” to discuss Florida’s population undercount in the 2020 Census, the impact this has on the business community, and efforts to secure more accurate data. During our webinar, we were joined by Mary Jo Hoeksema, Co-director of the Census Project; Dr. Karthick Ramakrishnan, Founder and Director of Census Legacies; Susan Racher, Vice President and CFO of Wallace H. Coulter Foundation; and Ashley Dietz, President and CEO of Florida Philanthropic Network.

IDEAS IN ACTION—Achieving Food Security for All Floridians Requires a Year-Round Commitment

Blog, Guest Columns, Research

When the pandemic began the U.S. Department of Agriculture (USDA) extended free meals to school-age children all year long, including the summer months. The program will no longer be available at the end of this school year and many food insecure families are now facing a summer without school food assistance programs. The situation is made even more dire as inflation and the cost-of-living soars, leaving millions of individuals and families in critical need of year-round nutritional assistance. 

Breakfast Briefing on Property Insurance- A Special Session Primer

Blog, Insurance, Research

Florida is facing a property insurance crisis and the governor has called the legislature back to Tallahassee, May 23-27, to tackle the issue.  While the proposed bills to be discussed have not been filed yet, the Governor’s proclamation announcing the special session suggests areas that should be addressed, including reinsurance, building codes, litigation reform, and Citizens Property Insurance. Why is this such a pressing issue? 

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