As the nation recovers from one of the worst economic recessions in history, Florida continues to battle unprecedented fiscal challenges and budget shortfalls that have made business-as-usual in state government unsustainable. In response to this crisis, this report presents immediately actionable ideas in the event that a significant budget deficit occurs in FY2020-21.
Presented to the Broward County Bond Oversight Committee June 15, 2020
Florida’s Medicaid program is projecting a significant shortfall (approximately $1 billion) in the 2020-2021 budget due to the ballooning Medicaid enrollment (largely due to the impacts of COVID-19). As more and more Floridians lose their jobs and their health coverage due to the economic downturn, many turn to Medicaid as their form of healthcare Florida’s Agency for Health Care Administration (AHCA) forecasts that there will be an additional 437,390 Floridians turning to Medicaid for their health care in the coming new fiscal year, which starts July 1. The increase in enrollment could potentially increase the overall cost in the coming year by as much as $3 billion; however, the state is not on the hook to cover the full $3 billion due to the federal-state partnership for Medicaid financing, formally known as the Federal Medicaid Assistance Percentage (FMAP). Florida is expected to pay about $1.07 billion of the $3 billion, based on AHCA’S analysis.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released its analysis of COVID-19’s potential impact on 2020 Taxpayer Independence Day. FTW traditionally releases its Taxpayer Independence Day report every April, recognizing the day that the year-to-date income of Floridians finally surpasses their total annual tax burden, with the assumption that every dollar earned prior to that date goes toward paying that year’s local, state, and federal tax obligations, and every dollar earned for the remainder of the year stays in the pockets of the earner.
Presented to the Broward County Bond Oversight Committee March 9, 2020
The General Revenue (GR) Estimating Conference met on January 15 to develop a new revenue forecast for Florida. These estimates of available GR are used by the Legislature in meeting its constitutional mandate to pass a balanced budget. The new estimate provides the Governor and Legislature some good news.
The Florida TaxWatch Annual Report for 2019 is the 40th-anniversary edition and details the work of the organization over the past 40 years, including the history of the organization and its founding, and how that work ties into today’s efforts.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released its 2019 edition of the How Florida Counties Compare report which 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. With the release of the 2019 How Florida Counties Compare report, FTW has also relaunched an interactive online tool allowing users to compare two counties side-by-side.
Local taxing and spending is a major part of Florida government operations. More than half of all Florida government revenue (53.1 percent) is raised at the local level, one of the highest shares in the nation. Florida’s 66 county governments (plus Jacksonville’s consolidated government), more than 400 municipal governments, and approximately 1,000 independent special districts spend nearly $80 billion annually. This report compares the magnitude and makeup of Florida’s local governments’ fiscal operations. It does not attempt to compare or evaluate levels of service.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW), joined by Florida State Senator Bill Montford (D-Tallahassee) and education leaders, announced the 2019-20 Principal Leadership Award (PLA) winners and recognized nine of Florida’s most effective leaders in high-risk K-12 public schools. This year’s winning principals, three each from elementary, middle and high schools, are from Broward, Collier, Duval, Lafayette, Miami-Dade, Palm Beach, and Orange counties. Florida TaxWatch established the PLA program in 2014 to recognize and reward the work of principals and promote their unique practices throughout the state.
For over 45 years, donor support has made Florida TaxWatch the state’s leading independent voice for taxpayer accountability. There are many ways to support our mission.
