Florida’s Flagship Economic Development Program has a Proven Track Record
There has been an ideological debate regarding economic development incentives brewing in the Legislature for several years. The Qualified Target Industry (QTI) Tax Refund Program is a performance-based program that refunds some of the taxes a business has already paid, but only after it is verified that the contracted requirements have been met, including the promised increase in high-wage jobs.
On September 17, 2021, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for the Quarter Ended June 30, 2021 (“Quarterly Report”). This 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, upgrade athletic facilities, and renovate educational facilities.
2022 Legislature Heads into Session with a $7 Billion Budget Surplus
Last year, COVID-19’s arrival in Florida and the attendant economic shutdown had state forecasters—and virtually everyone else--predicting gloomy fiscal times for Florida. The 2020 legislative Long-Range Financial Outlook estimated that the 2021 Legislature would be facing a budget shortfall of $2.7 billion, and without significant spending cuts, the shortfalls would continue for at least two more years.
A Florida TaxWatch Commentary by Bob Nave (Vice President of Research)
How can scholastic debate and the business community work together to drive Florida's students forward? One option is to look at existing programs, like the Broward County Public Schools (BCPS) Debate Initiative, which now boasts approximately 15,000 students in every high school and learning center, every middle school, and in more than 100 elementary schools. The Initiative is a partnership between BCPS and local businesses, whose sponsorships and donations are critical in supporting debate opportunities for BCPS students.
Each year more than 100 million tourists visit Florida, attracted by its theme parks and attractions, comfortable year-round weather, water-related recreational activities, and state and national parks. The importance of healthy Florida beaches and inland waterways to the state’s economy cannot be overstated.