The 2022 Florida TaxWatch Principal Leadership Awards Roundtable Discussion Summary and Findings
Among all school-related factors that contribute to what students learn at school, leadership is perhaps second only to classroom instruction. Furthermore, the impact of leadership tends to be the greatest in schools where the learning needs of students are most acute.
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A robust economy is a staple for securing high tax revenue and boosting the well-being of taxpayers. Although Florida’s economy enjoys a strong rebound with historically low unemployment, the dynamic of its workforce has changed since the onset of the COVID-19 pandemic, shuffling where opportunities lie and surfacing new challenges.
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On Wednesday, August 17, Florida TaxWatch and the Gunster law firm co-hosted a webinar designed to help Florida businesses better understand and comply with the requirements of the Individual Freedom Act (also known as the “Stop WOKE” Act) passed by the 2022 Florida Legislature. Florida TaxWatch is grateful to Holly Goodman and Joseph Santoro of the Gunster law firm for sharing their insights on the effects of this controversial legislation on Florida businesses. Florida TaxWatch is pleased to present the following summary of the webinar.
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New General Revenue Estimates Add Another $5.3 Billion to Amount Available for the Next Budget
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.
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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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Schools are not immune to the workforce shortages plaguing all sectors of our economy. In preparation for the start of the school year, hiring enough teachers and staff members to satisfy vacancies has been a challenge for school districts.
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The economic importance of early childhood education extends far beyond the direct development benefits for children and the associated long-term outcomes.
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An undercount is nothing new to Florida, but its current persistence inflicts costs more formidable than in previous years. Throughout the decade, Floridians can expect to lose between $11 billion and $21 billion. The decennial Census count and American Community Survey (ACS) help communities understand local patterns of population growth, specialized workers, income, employment statuses, and transportation needs.
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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.
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Advancing Florida’s standing on the global stage requires a state economy conducive to innovation, capable of withstanding disruptions, and constantly cultivating talent. A robust manufacturing sector stands at the crossroads of these priorities and, as the COVID-19 pandemic demonstrated, the sector’s importance cannot be understated.
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SMART Program Quarterly Report Review for the Quarter Ended March 31, 2022
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.
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In 2019, with the SAIL to 60 Initiative, Florida aimed for 60 percent of working-age Floridians to hold a workforce specialization, whether from a certificate, credential, training, or degree. Currently, Florida has yet to reach this goal, falling 791,000 people short, and its individual populations are working toward the goal at incomparable rates.
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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.
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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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Critical for Florida’s continued innovation, growth, and diversification, international trade must be a key priority in the dynamic post-pandemic economy.
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An analysis of the transparency and accountability of the budget process
The $112.1 billion budget passed by the Florida Legislature for FY2022-23 contains 166 appropriations items worth $281.0 million qualifying as Budget Turkeys. These are only a portion of the record-setting more than 1,200 member projects in the new budget worth $2.8 billion. In addition, the Legislature created a new program to allow members to request at least $80 million in additional local projects from the federal State Fiscal Recovery Fund.
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How reducing benefits cliffs can stimulate workforce participation and economic growth
This report analyzes public safety net programs and benefits cliffs, a scenario in which a small increase in wages results in the partial or total loss of public benefits. Benefits cliffs occur when a marginal wage increase results in the partial or total loss of public benefits for different public assistance programs. For illustrative purposes, imagine a mother earns a $1,000 annual raise but loses more than $8,000 in childcare assistance—a cliff effect occurs.
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The once-in-a-lifetime pandemic disrupted the 2020 Census— the 24th in U.S. history—delaying field operations and hampering the public’s ability to respond. This report underscores the COVID-19 pandemic’s impact on 2020 Census data collection efforts, including disruptions to the ACS, and highlights how this impacts federal funding and critical decision-making among policymakers and business leaders alike.
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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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Rising food and gas prices are a daily reminder that even though Florida’s economy is in a much better place than it was in March 2020, the economy is decidedly more expensive two years later in March 2022.
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The 2022 legislative session is over, even if it ran a little long. Florida TaxWatch and the state’s taxpayers had a number of successes. Many bills and budget issues supported by our research and recommendations passed. Our research and input that raised concerns with legislation, helped to improve them or fail passage, including changes to the tax audit system and a very costly approach to improving data privacy
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SMART Program Quarterly Report Review for the Quarter Ended December 31, 2021
On February 19, 2022, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for the Quarter Ended December 31, 2021 (“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.
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There are Plenty of Issues to Negotiate
The House and Senate have passed their respective budgets and now must hold budget conference meetings to hammer out the differences. An agreement must be reached on every number and every word in the 400-plus page appropriations bill. Budget negotiations are never easy and this year will be no exception, even with so much money available.
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A Detailed Look at HB 9 and SB 1864
The 2022 Florida Legislature is considering two pieces of consumer data privacy legislation that would represent significant changes to how certain businesses collect, sell, and share consumer personal information, subject to certain exemptions and threshold requirements.
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January 2022 marked the 12th Annual Human Trafficking Awareness Month. A recognized memorial since 2010, the designation seeks to raise human trafficking awareness and educate the public about the crime’s heinous impact on millions of people across the world. Given the criminal enterprise nature of human trafficking, there is also an inherent economic cost to communities and the state of Florida when exploitation prevents victims from leading dignified, generative lives. What are the costs and implications of human trafficking in Florida?
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