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Estimate of Florida Transportation Revenues Reduced by $1.5 Billion over the Five-Year DOT Program

Blog
/ Blog / 2 minutes of reading

The COVID-19 pandemic is taking its toll on state transportation funding.  The new forecast from the Transportation Revenue Estimating Conference, predicts the state will collect nearly $1.5 billion less than expected in state transportation revenues through FY2025-26.  This is a reduction of 5.7 percent.  These funds are deposited into the State Transportation Trust Fund (STTF) to pay for the DOT work program.

Florida TaxWatch News Clips (July 1- 15)

In the News
/ In the News / 4 minutes of reading

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!

Florida TaxWatch News Clips (June 15 – 30)

In the News
/ In the News / 11 minutes of reading

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!

Florida TaxWatch Releases Quarterly Report for Broward SMART Program

Press Releases
/ Press Releases / 2 minutes of reading

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released its review of the Broward County School District’s SMART Program in its report Monitoring and Oversight of General Obligation Bonds to Improve Broward County Schools: SMART Program Quarterly Report Review for the Quarter Ended March 31, 2020. The report includes three recommendations which will be presented and discussed by FTW Vice President of Research Bob Nave at the Broward County Bond Oversight Committee’s (BOC) Monday, June 15, 2020 meeting, beginning at 5:30 p.m. The meeting may be viewed online here.

Budget Watch – April’s General Revenue Collections Come in $878 Million Below Estimate for the Month

Budget & Appropriations, Research
/ Budget & Appropriations, Research / 2 minutes of reading

Net General Revenue (GR) collections for the month of April came in $878.1 million (29.4 percent) below estimate. This news comes from a new Monthly Revenue Report just released by the Office of Economic and Demographic Research.1 This is the first month of data to show a significant decrease in revenues due to the impact of COVID-19 on the state’s economy. April GR collections generally reflect March sales tax activity, so the decline in May collections (reflecting April sales) will be much larger.

STATEMENT: With April Revenue Down $878M From Estimates Florida TaxWatch Implores Legislature to Act on E-Fairness, Seminole Compact

Press Releases
/ Press Releases / 3 minutes of reading

TALLAHASSEE, Fla. – Today, after a report from the Office of Economic and Demographic Research (EDR) showed Florida revenue collections for the month of April were down $878 million below estimates, and down more than $675 million year-to-date, Florida TaxWatch (FTW) President and CEO Dominic M. Calabro released the following statement urging the Florida Legislature to take action to properly collect lawfully owed sales and use taxes on internet sales (E-Fairness) and re-establish a gaming compact with the Seminole Tribe.

The Importance of the Clean Waterways Act

Blog
/ Blog / 5 minutes of reading

In the 2020 legislative session, SB 712 (The Clean Waterways Act) was passed outlining protection to much of Florida’s vast water resources, including implementing Florida TaxWatch recommendations for the Blue-Green Algae Task Force. Water is Florida’s most valuable resource, providing many environmental, economic, and recreational benefits the public. With more than 7,700 lakes, 10,550 miles of rivers, more than 1,000 springs, and 2,276 miles of tidal shoreline, it is a staple of Florida’s identity and one of the key reasons so many people visit the Sunshine State.  The Clean Waterways Act addresses several environmental issues, including several provisions focused on water quality improvement and oversight.

Florida TaxWatch In the News (April)

In the News
/ In the News / 7 minutes of reading

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!

HB7087 — Proposed Merger of SUS Institutions

Education, Research
/ Education, Research / 2 minutes of reading

HB 7087, upon becoming law, would require the Boards of Trustees of Florida Polytechnic University (Florida Poly), New College of Florida (New College), and the University of Florida (UF) to submit to applications for merger to the Southern Association of Colleges and Schools Commission on Colleges (SACSSCOC). Upon approval of the mergers, New College and Florida Poly would become part of UF and specified items and assets of New College and Florida Poly would be transferred to UF.

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