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.
This Economic Commentary looks at Florida’s mid-year job growth figures, showing that the state has added approximately 244,500 non-farm jobs over the past year.
Wednesday, April 20 Florida TaxWatch celebrates Florida Taxpayer Independence Day 2016: the day Floridians are finally earning money for themselves and 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. In 2015, for the average Florida household, paying its taxes takes 110 out of 365 days, or more than three and a half months.
Each year, the Budget Turkey Report consists of only a very small percentage of the state budget and this year represented just over 0.1 percent. The $82.3 billion budget passed by the Florida House and Senate on March 11, 2016 contains 143 appropriations items worth $104.9 million qualifying as Budget Turkeys.
Have you ever wondered how Florida’s taxes stack up against the taxes in other states? If so, this report is for you. The annual Florida TaxWatch How Florida Compares: Taxes report ranks Florida’s state and local taxes against those levied around the nation.
With the release of the fiscal year 2016-17 budget, lawmakers now have 72 hours to read the final proposed budget prior to voting. The Tax and Budget Reform Commission, with the urging of Florida TaxWatch, was instrumental in enacting the constitutionally required 72 hour “cooling off” period, ensuring that the public, press and all legislators have a chance to examine the budget before a vote is cast. The $82.349 billion state budget will fund various state agencies and critical needs for all Floridians.
The House and Senate passed their respective state budgets for FY2016-17 with four weeks remaining in the 2016 Session. They will now go into the budget conference process to negotiate the differences. Conference meetings could start as early as this week (the week of February 22).
Florida legislators received news this week that they will have $395.6 million less to spend on the next state budget than originally anticipated. Citing weaker corporate profits and adverse developments in the international economy, the state General Revenue (GR) Estimating Conference decreased its estimates of GR collections in each of the six years in its forecast horizon.
On January 13, Florida TaxWatch, an independent nonpartisan research institute, held its State of the Taxpayer Dinner highlighting the issues affecting Florida taxpayers during the 2016 Legislative Session. The sold-out event attracted more than 140 taxpayers, business and community leaders, and lawmakers.
Governor Rick Scott’s budget recommendations for FY2016-17 total $79.252 billion—an increase of 1.1 percent ($855.1 million) over current year spending. General Revenue (GR) spending of $29.260 billion would be an increase of 1.4 percent over the current year. The budget proposes to fund 112,823 state employee positions, 864 fewer than currently exist.
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