This report analyzes the key aspects of the deal and identifies critical questions that local officials should consider before deciding whether the proposed ballpark is in the best interest of taxpayers.
The report does not draw conclusions on the merits of the deal but instead focuses on outlining the important factors that need to be weighed, such as the total public costs, the best use of public funds, and the fairness of the cost-sharing agreement. While the project is expected to generate significant economic impacts over 30 years, research shows that the benefits of publicly subsidized sports facilities are often overstated.
To learn more about this critical issue affecting the Tampa Bay region, download the full report for an in-depth, independent analysis.
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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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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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The 2022 Florida Legislature is debating two pieces of legislation that add to the process of passing local ordinances and provides additional rights to businesses and residents who wish to challenge those ordinances. This Session Spotlight takes a detailed look at SB620/CS/HB569 & CS/SB280/HB403.
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Fiscally, Florida is in good condition. This is also true of the state’s debt position. FY 2020-21 marks the eighth consecutive year with a debt ratio below the 6 percent target.
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Florida voters have approved $10.8 billion in local taxes & bond issues since 2010
Florida has long relied on its local governments to fund a major portion of its government services. In fact, that reliance is heavier than in all but one other state. Florida’s counties, municipalities, school districts, and special districts provide more than half (52.6 percent) of all state and local revenue collected in the state, trailing only New York (54.7 percent).1 Our state has consistently ranked first or second in this metric for many years.
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On November 3, 2020, Floridians went to the polls (or voted by mail) to elect the next President of the United States, voted on numerous state and local races, and decided the fate of six proposed amendments to the Florida Constitution. As if that were not enough, voters across the state had to consider more than 200 local referenda, including some significant tax increases This wrap-up looks at how these measures fared.
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College football teams serve as important economic drivers in their local communities.
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On January 30th, 2019, Governor DeSantis signed an Executive Order establishing the goal to make Florida number 1 in the U.S. for workforce education by 2030 and to ensure that Florida students are ready for high-demand, high-wage jobs. Building a workforce in health services, transportation, education, computing, trade, utilities, and jobs that require an industry certification or license will require a sizable investment of public and private funds. In this report, TaxWatch takes a fresh look at Broward College, how it compares to other institutions of higher learning in the Tri-County South Florida region, and its return on investment.
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Florida Shouldn’t “Eat Our Seed Corn” by Diverting Tourist Development Tax Revenue
Tourist Development Taxes (TDTs) play a vital role in Florida counties’ promotion of tourism in their areas. Over the years, the Legislature has added more and more authorized uses of this revenue, diluting the funding available for tourism promotion and advertising. During the 2020 session, efforts to further expanded the authorized uses are continuing. The “slippery slope” warning raised by the tourism industry and Florida TaxWatch in the past has become a reality.
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The 2019 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida's taxes compare to other states and the national average across a wide variety of metrics.
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Public Notice of Important Property Tax Changes should not be Diminished
The TRIM process is a vital taxpayer protection tool and we should continually strive to make it better. Lessening the ability of taxpayers to access this information weakens the law. Taxpayers deserve to get concise, accurate and unvarnished information about how local government decisions affect the property taxes that they pay.
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Distributed to the Bond Oversight Committee on February 25, 2019, this report examines the SMART program quarterly report for Q2 of FY2019.
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A proposed constitutional amendment initiative that would destructure Florida’s energy market may appear on the November 2020 general election ballot that would (if approved) radically change Florida’s energy market. This independent analysis estimates the financial impacts of deregulation on tax revenues and to help Florida taxpayers better understand the effects of the proposed deregulation.
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Distributed to the Bond Oversight Committee on December 3, 2018, this report examines the SMART program quarterly report for Q1 of FY2019.
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Distributed to the Bond Oversight Committee on October 8, 2018, this report examines the SMART program quarterly report for Q4 of FY2018.
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Proposed Homestead Exemption Benefits Relatively Few Floridians and Will Likely Increase Taxes on Everyone Else
Floridians will be voting on as many as 13 state constitutional amendments on November 6, 2018. The first on the list, Amendment 1 (A1), would create a new $25,000 homestead exemption from property taxes.
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The 2018 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida's taxes compare to other states and the national average across a wide variety of metrics.
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Distributed to the Bond Oversight Committee on May 21, 2018, this report examines the SMART program quarterly report for Q3 of FY2018.
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In November 2018, Florida voters have a chance avoid a major property tax increase on owners of commercial or rental property, vacation or second homes, unimproved real estate, or any other non- homestead property. This tax increase will happen if the current 10 percent cap on non-homestead property assessments—scheduled to be repealed—is not reauthorized by the voters.
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The data from the 2020 Census will be used to allocate this funding for the next 10 years! This makes the upcoming 2020 Census vital to the quality of life in your community and all of Florida.
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Find out all about what happened this Session with the TaxWatch Legislative Wrap Up.
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Distributed to the Bond Oversight Committee on February 28, 2018, this report examines the SMART program quarterly report for Q2 of FY2018.
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This publication compares the revenue and expenditure profiles of Florida’s 67 counties to give taxpayers an overview of how their local government stacks up with the rest of the state. The report presents the most recently available data regarding: property taxes, other taxes and fees, county and municipal revenues, county and municipal expenditures, and other related measures.
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