Budget Watch - 2015 Special Session Preview

The Healthcare Debate Looms Over The Special Session, But There Are Many More Budget Issues To Be Decided

The 2015 Florida Legislative Session ended without a budget, so lawmakers will be returning to Tallahassee on June 1, 2015 to pass a state spending plan. This Special Session is scheduled to end on June 20, just 10 days before the new fiscal year begins and the new budget must be in place.

The legislative proclamation calling the Special Session has been issued and sets forth the bills that may be discussed. The session will be mostly limited to the budget, the budget implementing bill and budget conforming bills (including a tax cut package). Conforming bills make changes to statutes that are necessary to align state law with appropriations. Several healthcare related bills have also been included. There will likely be attempts to add other unresolved issues to conforming bills and even to the appropriations bill. Past legislatures have shown that the definition of “conforming” may be broadly construed.

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Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

The Florida Legislature is meeting in special session to consider Governor DeSantis’ proposed constitutional amendment and linked legislation to provide significant property tax relief to Florida homeowners. The proposal has many provisions, but the main ones would increase the homestead exemption to $150,000, beginning January 1, 2027, and then increase it to $250,000, beginning January 1, 2028. This exemption will apply to all property taxes. In addition, the cap on the annual increase in the assessment of non-homestead properties would be reduced from 10% to 5%, but this change would not apply to school property tax levies. Any property taxes remaining after the changes would be restricted to being used solely for core services such as public safety, education, infrastructure, debt, and retirement benefits.

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