A big factor in how much of the cuts or tax holidays make it into the next fiscal plan depends in part on the state’s economic outlook that the economists will update prior to the legislative session early next year.
Taxes
Palm Coast Council Votes 5-0 For New City Hall in Town Center, With Move-In by End of 2015
In the face of intense opposition, but also just as intense support, the Palm Coast City Council Tuesday said Yes to a new city hall. The 5-0 vote followed three hours of presentations, public comment and discussion before an overflow crowd at the Palm Coast Community Center, the largest crowd to turn up for any issue in recent memory.
Palm Coast Again Pitches New City Hall, No Referendum, as Chamber Orchestrates Support
Palm Coast City Manager Jim Landon on Tuesday choreographed a presentation focused on a $9 million city hall in Town Center he said can be built mostly with existing dollars–and without a referendum–as the Flagler Chamber of Commerce and the Palm Coast Observer worked on a letter-writing campaign to sway council members, who may vote on the plan next week.
Palm Coast Getting Fleeced of Red-Light Camera Dollars, Harming Local Economy
In September, the 43 red-light cameras in Palm Coast generated $255,740 in fines, what would work out to an annual total of $3 million. The state and ATS, the private company running the system, took more than seven times the revenue share left Palm Coast, which means that the overwhelming majority of the money is leaving the local economy.
Kiss Your Tax-Free Amazon Orders Goodbye: Company’s I-4 Warehouses On the Way
The confirmation by Amazon.com that it will build a pair of massive “fulfillment” centers along the Interstate 4 corridor means that sometime in the next two years Floridians will have to start paying sales taxes on purchases from the online retail giant.
State Rakes In Cash From Seminole Casinos and Rethinks Gambling Landscape
Under the current deal with the Seminoles, which ends in 2015, the tribe makes the payments to the state in exchange for having the exclusive right to offer banked table games, such as blackjack, along with a monopoly on all slot locations outside of Broward and Miami-Dade counties. The Seminoles agreed to pay a minimum of $150 million in each of the first two years, $233 million in the third and fourth years and $234 million in 2015.
A Tiff, and Broader Implications, In County’s Hope of Eliminating Voter Voice in Economic Development
In a reflection of government-backed economic development’s dim luster, Flagler County want to eliminate voters’ role in giving local governments authority to extend tax breaks to companies. That proposal led to a clash Monday between government critic Dennis McDonald and Commissioner Barbara Revels.
Sen. Dorothy Hukill Proposes Cutting Sales Tax on Commercial Rental Property to 5%
Senate Finance and Tax Chairwoman Dorothy Hukill of Port Orange’s proposal could cut $250 million a year from state revenue. Business leaders want the tax, currently at 6%, eliminated altogether as Gov. Rick Scott travels the state on a tax-cutting tour.
Lawmakers File Bill to Prohibit Red-Light Cameras in Florida as Palm Coast Snaps On
GOP Sen. Jeff Brandes blames red-light cameras “as backdoor tax increases,” but the Palm Coast City Council Tuesday reasserted its commitment to its 43 cameras even as they siphon out more than $3 million a year from the local economy–in taxes to state government, and in revenue to ATS, the Arizona-based company that runs the system.
Back-to-School Tax Holiday Now Includes Computers, Tablets and Electronic Gadgetry
Florida’s back-to-school tax holiday Aug. 2 through Aug. 4 for the first time includes high-tech computer and other electronics as long as each individual item is priced under $750. Retailers are preparing for the demand, in some cases lowering prices to match the benchmark.