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Highlights from Governor Rick Scott's proposed budget plan for FY 2014-15 are featured in this Budget Watch Report. The $74.20 billion spending plan is slightly lower than current year spending, even as lawmakers are expected to have their first budget surplus in many years.
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According to this Report, expanding reentry programs in Florida could prevent inmates from returning to state correctional facilities and reduce costs for taxpayers.
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This Economic Commentary highlights the opportunities angel investment provides to Florida startups and small businesses. Angel investor networks help entrepreneurs connect with the resources and capital they require to become successful companies that can have a significant impact on local and state economies.
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In order to meet the growing demand for juvenile justice programs throughout Florida, many new programs have been developed. But in order for Florida to take full advantage of available resources, it is essential to know what those resources are. This Inventory is the first step in the process of creating a comprehensive list.
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This Economic Commentary recommends that the required analysis be completed to determine the impact of the Biggert-Waters Flood Insurance Reform Act. Removal of the subsidies could affect home values and purchasing patterns, potentially resulting in reduced tax receipts from local property tax collections. To determine if the impact will be substantial, the report recommends the Federal Emergency Management Agency conduct the required affordability study prior to implementation of the Act.
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The 2013 Florida TaxWatch Annual Report: Positioning Florida for 2014: Building on a Solid Foundation
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This Report, from the TaxWatch Center for Government Efficiency, highlights more than $1 billion in savings for Florida taxpayers, without reducing state-provided services. The six comprehensive recommendations included in the Report address replacement of the state's accounting system; information technology governance, procurement and state asset management; pension reform; criminal justice reform; state health insurance reforms; and revenue maximization.
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Florida is neglecting millions of dollars in federal tax incentives, according to this Briefing. Federal legislation allows for tax deductions to offset the cost of energy efficient new buildings or building renovations, which result in added value to the state. TaxWatch recommends the state identify public buildings that could receive the tax deduction.
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Florida's new education assessment should measure students content mastery and compare their achievement to students outside of the state, according to this Briefing. An effective assessment requires student comparison, field testing and alignment with the new standards, which call for students to master content at a deeper level and apply their comprehension skills.
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This Ideas in Action piece features opinion-editorials published by the Tallahassee Democrat in October 2013. They are republished here with permission from the authors.
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This Ideas in Action is written by Roger Kaufman, Ph.D., professor emeritus, Florida State University, and Distinguished Research Professor at the Sonora Institute of Technology (Mexico). The piece discusses how a useful strategic plan can help a University.
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The federal government shutdown is negatively affecting tax revenues and capital investment in Florida, according to this report, which outlines the potential impacts an extended shutdown would have on Florida's economy.
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