The annual Florida TaxWatch How Florida Compares: Taxes report ranks Florida’s state and local taxes against those levied around the nation. The nearly 40 tables, charts, and graphs in this report provide comprehensive information on state and local tax rates, tax collections, and other government revenues for all 50 states, and historical information for Florida.
Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released How Florida Compares: Taxes 2022, a comprehensive analysis of state and local tax rates, tax collections, and other government revenues for all 50 states, in addition to historical information for Florida. The annual report is part of the taxpayer research institute’s larger How Florida Compares series, providing balanced, nonpartisan information intended to help Floridians better understand where their state ranks in terms of taxes when compared to the 49 other states and the national average.
Florida has remained in good financial standing this past fiscal year. This is also true of the state’s debt position. FY 2021-22 marks the ninth consecutive year with a debt ratio below the six percent target established by the Legislature. In addition:
Where and how well our school districts spend our education dollars can have a profound impact on student academic achievement and success. Historically, education makes up about one-fourth of Florida’s total budget. Florida TaxWatch believes that shifting education spending away from administrative and other expenses and toward classroom/instructional expenses is beneficial.
BASKING RIDGE, N.J. – Verizon today announces a $250,000 donation to support small businesses affected by Hurricane Ian. Verizon is partnering with Collaboratory, a local non-profit community-problem solving organization in Southwest Florida, and Florida TaxWatch, a trusted non-profit organization that serves as the ‘eyes and ears’ of Florida taxpayers and promotes economic development across the state, to create $10,000 grants to provide small businesses in the hardest-hit areas of Florida with critical relief.
The Revenue Estimating Conference (REC) met on August 16, 2022, to develop the state’s new forecast for general revenue (GR) collections. After the close of FY2021-22, which wildly exceed revenue expectations, the REC increased the estimates for FY2022-23 and 2023-24 by a total of $5.3 billion.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released Looking Back at Census 2020: What Florida’s Business and Community Leaders Need to Know.
An undercount is nothing new to Florida, but its current persistence inflicts costs more formidable than in previous years. Throughout the decade, Floridians can expect to lose between $11 billion and $21 billion. The decennial Census count and American Community Survey (ACS) help communities understand local patterns of population growth, specialized workers, income, employment statuses, and transportation needs.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released The Taxpayers’ Guide to Florida’s FY2022-23 State Budget, providing an overview of Florida’s Fiscal Year 2022-23 state budget, which was passed by the Florida Legislature during the 2022 Legislative Session and signed by Governor Ron DeSantis on June 2, 2022.
TALLAHASSEE, Fla. – The statement below, to be attributed to Florida TaxWatch President and CEO Dominic M. Calabro, pertains to the four sales tax holidays beginning Friday, July 1, 2022 – Freedom Week, Energy Star Appliances, Diapers and Baby Clothes, and Home Hardening. To learn more and/or schedule an interview with President and CEO Calabro, please contact Aly Coleman at aly@on3pr.com or 850.391.5040.
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