Supporters of the overhaul say it’ll fill up empty homes. Critics say it’ll also slash local government revenue and further shift the tax burden to current residents, exacerbating inequities.
Taxes
They Bring Good Schemes to Life:
How GE Pays Little Or No Corporate Taxes
GE’s tax department is a company in itself: some 1,000 people working to minimize GE’s corporate tax liabilities, with huge success. In 2010, GE paid no taxes on $14.2 billion in profits. GE claimed a tax benefit of $3.2 billion.
All Business All the Time as Gov. Scott
Tells Lawmakers: “Don’t Blink”
Scott mentioned the word “job” or “jobs” 31 times in the 27-minute State of the State speech, lauded privatization, vouchers for private and parochial schools and the needs and virtues of business.
Flagler Schools Prepare to ‘Awake the State’ As Night of Long Budget Knives Falls on Florida
As school employees prepared to demonstrate against massive state budget cuts on Tuesday, the Flagler School Board got closer to proposing cuts of its own that would eliminate classes and up to four dozen teachers.
St. Johns Raises Impact Fees on Residential Construction, Decreases Them on Commercial
St. John’s decision to raise impact fees on residential construction contrasts sharply with discussions in Flagler, where developers and some elected officials want a moratorium on fees. Flagler’s fees are considerably lower than St. John’s.
Enough Nickel and Diming: How to Cut $1.5 Trillion From the Budget Without Really Trying
Voodoo economics is back, this time with Obama sprinkling the wrong salts. His plan to reduce the deficit is irresponsible. Here’s one way to do it now, with everyone contributing. The alternative is French status in 10 years.
School Board Reminds County and Cities of Its Own 1/2 Penny Sales Tax Renewal Ahead
The county is angling for a new half-penny sales tax for economic development. That tax could hurt the school district’s renewal of its own half-penny tax, in effect since 2002.
Facing $3.5 Million Deficit, Flagler Schools Eye Shorter Calendar, Bus Routes, Reserves
School Superintendent Janet Valentine says many options are on the table as Gov. Rick Scott’s proposed budget cuts force additional reductions on top of the $7.5 million the district has cut since 2007.
Skipping Specifics, Scott Calls for $5 billion in Spending Cuts, $4 Billion in Tax Cuts
Gov. Rick Scott today unveiled to a tea party crowd a budget that would cut an unprecedented $5 billion and provide for $4 billion in tax cuts, $1.4 billion of which in property taxes. Scott’s details are few.
Flanked by Tea Party, Rick Scott Will Unveil State Budget in Central Florida Monday
As tea party activists gather from Central Florida to Eustis, Gov. Rick Scott’s budget unveiling Monday will have the feel of political rally as he attempts to close a nearly $4 billion hole while still proposing tax cuts.