Lawmakers will have to be a bit more frugal with the money of the hard-working taxpayers of Florida during the upcoming Legislative Session. The latest budget forecast shows the state will have a surplus of only $7.5 million during the 2017-18 fiscal year. In order to craft a balanced budget while funding some of their priorities, lawmakers must consider changes that will save the state significant money.

With the traditional hanky drop, the 2016 Legislative session has officially come to a close. The Legislature avoided a Special Session this year, approving the $82.349 billion state budget, which will fund various state agencies and critical needs for all Floridians.

While Florida TaxWatch appreciates the Legislature’s $400 million tax cut package that included a much needed reduction in the prohibitively high Communications Services Tax, it is disappointing that lawmakers did not provide more relief to the state’s hardworking taxpayers…

Statement from Dominic M. Calabro, President and CEO of Florida TaxWatch, the independent, nonpartisan, nonprofit taxpayer research institute and government watchdog: “Today, the Florida House Finance and Tax Committee unveiled their plans to cut Floridians’ taxes by $690 million this year. I commend the House leaders for their efforts to produce a broad-based tax cut package that will help save money for hardworking Florida families and the businesses that invest in our communities and provide jobs to our residents.