This quick look at taxes on candy and other treats in Florida includes a look at how Florida compares to the rest of the US.
Florida lawmakers are expected to have a small budget surplus when they come to Tallahassee in 2015. State economists have predicted that funding a continuation budget next year will leave $336.2 million in available General Revenue funds. This is the fourth surplus in four years, despite being less than half of the surplus in fiscal year 2013-14.
The Taxwatch Voter Guide for 2014 explains the three amendments facing voters this November.
Florida's latest cycle of revenue and expenditure estimating conferences show that Florida is still in a healthy post-recession recovery; however, the conferences have resulted in forecasts with slightly tempered expectations. Generally, projections of revenues were reduced from the previous estimates, even though the funds are expected to continue to grow year over year.
This infographic shows job growth in Florida over the past year.
From August 1-3, Floridians will save nearly $40 million in taxes while they shop tax-free for back-to-school supplies. Florida families can purchase clothing, school supplies, and even computers up to $750 tax-free. This infographic shows the estimated savings for taxpayers over the history of this annual tax holiday.
All the bills passed by the 2014 Legislature have now been evaluated by the state's revenue estimators, resulting in a revenue reduction of more than $550 in the current fiscal year. Local revenues will be reduced by $41.5 million and $37.0 million. Despite the declining revenue estimates, the reduction still leaves $1.65 billion in general revenue reserves for the fiscal year, according to the July Budget Watch.
Florida taxpayers have a reason to celebrate on Tuesday, April 22nd. The date marks Taxpayer Independence Day as estimated by Florida TaxWatch. April 22nd, 2014, is the first day in the calendar year that Florida taxpayers, on average, will begin earning income that does not go toward federal, state and local taxes.
This BudgetWatch report compares the FY2014-15 House and Senate budgets in each spending area, and shows the change versus the current fiscal year.
This infographic shows some of the major economic statistics for Leon, Wakulla, Jefferson, and Gadsden counties. (Note: Designed to be printed on 11x17" paper.)
Sunday, April 21, is Florida Taxpayer Independence Day 2013, as estimated by Florida TaxWatch. On that day, Floridians are finally earning money for themselvesâ€“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.
If the "Sequester" kicks in on March 1, the immediate cuts to the budget authority are $85 billion, and the Congressional Budget Office has indicated that spending will be reduced by $44 billion by the end of September 2013. It is incredibly important that everyone understands how detrimental these cuts will be to U.S.'s fourth largest economy and to its recovery from the Great Recession. This Economic Commentary details some of the effects of these automatic federal spending cuts on Florida.
This Budget Watch looks at the details of the Governor's $74.2 billion proposed budget for FY2013-14.
Continuing a legacy that has resulted in the savings of at least $3.5 billion in Floridians' hard-earned tax dollars over the last four years alone, Florida TaxWatch added more than $1 billion in cost-saving options for lawmakers this year, with the release of this Report. This year's Report is the fifth in as many years from Florida TaxWatch, the independent, nonpartisan, nonprofit taxpayer research institute and government watchdog headquartered in Tallahassee.
Consistent with the research and educational mission of Florida TaxWatch, the 2012 Voter Guide is the third consecutive Guide released during a statewide election cycle. TaxWatch released similar Guides in 2010 and 2008, and has written extensively on individual Constitutional Amendments going back nearly 30 years.
Friday, April 20, is Florida Taxpayer Independence Day 2012, as estimated by Florida TaxWatch. On that day, Floridians are finally earning money for themselves â€“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 final report of the Commission on Review of Taxpayer Funded Hospital Districts, which was chaired by TaxWatch President & CEO Dominic M. Calabro.