TaxWatch COVID-19 Taxpayer Task Force

/ Categories: Research, Taxes, COVID Recovery

Made up of public policy professionals, tax and budget experts, and leaders of both small and large businesses, the Task Force was established to identify those areas of state tax policy that could be addressed both immediately and in the long term to provide Florida’s businesses—and their employees and customers—appropriate relief and assistance.

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General Revenue Estimates for the Current Budget Year Reduced by $3.4 Billion

/ Categories: Research, Budget/Approps

After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate. 

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Time Delays and Lack of Guidance Complicating Local CARES Act Relief

/ Categories: Blog

When the history of the COVID-19 pandemic is ultimately written, there will likely be a chapter addressing how the impact of a well-intentioned federal relief package called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was somewhat hobbled by its roll-out and the ultimate disbursement of public assistance.

Read more

Estimate of Florida Transportation Revenues Reduced by $1.5 Billion over the Five-Year DOT Program

/ Categories: Blog

The COVID-19 pandemic is taking its toll on state transportation funding.  The new forecast from the Transportation Revenue Estimating Conference, predicts the state will collect nearly $1.5 billion less than expected in state transportation revenues through FY2025-26.  This is a reduction of 5.7 percent.  These funds are deposited into the State Transportation Trust Fund (STTF) to pay for the DOT work program.

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7/27/2020

Education Leadership Roundtable Summary Report 2020

On May 14, 2020, Florida TaxWatch held a virtual roundtable discussion composed of nine current winners of TaxWatch’s prestigious Principal Leadership Award to discuss ways to improve the overall quality of pre-K–12 education by improving the leadership qualities of our principals. Moderated by our Vice President for Research Bob Nave, the panel discussed obstacles to effective school leadership; ways to attract and retain high-quality teachers; professional development for principals; how to get the most from teachers; and principal autonomy. TaxWatch is pleased to present this summary report and its recommendations, and we look forward to a continued discussion with Florida lawmakers and policymakers in advance of the 2021 legislative session.

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2829
7/29/2020

Budget Watch - COVID-19 Impact

As Florida continues its battle with the COVID-19 pandemic, the state has released General Revenue (GR) collections data for June (the last month of the FY19-20 fiscal year).1 Collections came in $427.8 million (13.4 percent) below estimate, following losses of $878.1 million (29.4 percent) in April and $779.6 million (26.4) percent in May. Because collections were running a bit above estimate before the pandemic hit, the $2.1 billion loss in the last quarter puts Florida down $1.9 billion (5.7 percent) for the year. 

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1011
8/11/2020

Estimate of Florida Transportation Revenues Reduced by $1.5 Billion over the Five-Year DOT Program

The COVID-19 pandemic is taking its toll on state transportation funding.  The new forecast from the Transportation Revenue Estimating Conference, predicts the state will collect nearly $1.5 billion less than expected in state transportation revenues through FY2025-26.  This is a reduction of 5.7 percent.  These funds are deposited into the State Transportation Trust Fund (STTF) to pay for the DOT work program.

Read more
1213
8/13/2020

Time Delays and Lack of Guidance Complicating Local CARES Act Relief

When the history of the COVID-19 pandemic is ultimately written, there will likely be a chapter addressing how the impact of a well-intentioned federal relief package called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was somewhat hobbled by its roll-out and the ultimate disbursement of public assistance.

Read more
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8/18/2020

General Revenue Estimates for the Current Budget Year Reduced by $3.4 Billion

After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate. 

Read more
1920
8/20/2020

TaxWatch COVID-19 Taxpayer Task Force

Made up of public policy professionals, tax and budget experts, and leaders of both small and large businesses, the Task Force was established to identify those areas of state tax policy that could be addressed both immediately and in the long term to provide Florida’s businesses—and their employees and customers—appropriate relief and assistance.

Read more
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9/1/2020

It Is Time to Overhaul the State Procurement System

Florida taxpayers must hold state government accountable for making smart business decisions and conducting the high-level planning and project management necessary to ensure success and minimize the risk to the state.

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