Voters approve $2.2 billion in tax referenda and $1.4 in bond issues in 2021 and 2022
At the state level, taxpayers in Florida have enjoyed tax cuts passed by the Legislature every year since 2009. However, at the local level, Florida voters continue to vote to significantly increase the taxes they pay. A 2021 Florida TaxWatch report discovered that since 2010, Floridians voted to increase their own taxes 142 times. This includes voting to extend existing expiring tax levies.
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Florida’s Effective Access to Student Education (EASE) grants provide modest tuition equalization to reduce the difference between public and private tuition; make private institutions more affordable to Florida residents; fuel enrollment growth; increase retention and degree completions in Florida; and reduce the tax burden on Florida taxpayers.
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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.
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The gap between Florida’s infrastructure needs and what Florida currently has is nearly $2.59 trillion over ten years. By year 2039, a continued underinvestment in Florida’s infrastructure at current rates will have serious economic consequences — $10 trillion in lost Gross Domestic Product (GDP), more than 3 million lost jobs, and $2.4 trillion in lost exports. Two creative solutions are public-private partnerships (PPPs) and public-public partnerships (PUPs). Why then, are there not more PPPs and PUPs?
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Upon reviewing the procurement and contract of iConnect, as well as relevant materials within the APD’s long-range program plans and legislative budget requests, Florida TaxWatch found several aspects of iConnect in need of greater scrutiny.
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The Broward County Public Schools’ Bond Oversight Committee Quarterly Report for the Quarter that Ended September 30, 2022 (“District Quarterly 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 art equipment, improve school safety and security, upgrade athletic facilities, and renovate educational facilities.
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It is the mission of Florida TaxWatch to provide the taxpayers of Florida and public officials with high-quality, independent research and analysis of issues related to state and local government taxation, expenditures, policies, and programs. Its research recommends productivity enhancements and explains the statewide impact of fiscal and economic policies and practices on residents and businesses.
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On October 26, 2022, Florida TaxWatch hosted a discussion of subject matter experts to gain insight as to how Florida will overcome the impacts of Hurricane Ian as residents rebuild their homes, infrastructure, businesses, and finances. The discussion highlighted actions already taken to support residents, as well as challenges left for Florida to resolve. The Florida TaxWatch team was joined by Eve Rainey, the Executive Director of the Florida Emergency Preparedness Association; Kari Hebrank, Senior Governmental Consultant with Carlton Fields; and Fred E. Karlinsky, co-chair of the Insurance and Regulatory Transaction Practice at Greenberg Traurig. The discussion was moderated by Florida TaxWatch Senior Vice President of Research Bob Nave.
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Florida beaches are a treasure to the state, and as such, many residents strive to remain in close proximity to the shoreline. Statewide, 64.2 percent of employment and 79.2 percent of businesses are found within Florida’s 35 coastal counties.1 Unfortunately, the luring lifestyle of beaches comes at a cost; the homes and livelihoods of most Floridians are tied to areas susceptible to hurricane havoc.
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As Florida TaxWatch has been detailing in our Budget Watch series,1 the state’s fiscal circumstances have been steadily improving since the initial shock (and resultant revenue loss) at the beginning of the pandemic. Even with historic state spending and tax cuts over the last two budgets, record reserves still exist. Florida’s tax system continues to produce revenue at a breakneck pace, with actual collections beating the estimate in each month over the last two year. Lately, the magnitude of the overage has been staggering. In the last three months of FY2021-22 (April-June), collections exceeded estimates by $2.545 billion (23.9 percent).
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SMART Program Quarterly Report Review for the Quarter Ended June 30, 2022
The Broward County Public Schools’ Bond Oversight Committee Quarterly Report for the Quarter Ended June 30, 2022 (“District Quarterly 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 and security, upgrade athletic facilities, and renovate educational facilities.
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On November 8, 2022, Floridians will vote on three legislatively referred proposed amendments to the Florida Constitution. At least 60 percent of the voters must vote in the affirmative for a proposed amendment to pass. This Florida TaxWatch Voter Guide is designed to provide Florida voters with information about each of the proposed amendments to help them cast well-informed votes.
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