In another unseemly, disconcerting meeting that included coarse language and flaring tempers from the dais and rowdy and name-calling behavior from a floor thronged with residents, the Palm Coast City Council today substantially lowered the property tax rate in one vote and with another approved new fee or tax–a very modest one for now–on power bills.
Taxes
Tampa Is Latest City to Unveil Climate Action Plan, Tapping Tax Credits
Tampa’s plan comes just days after two federal agencies released guidance that will for the first time allow local and state governments and nonprofit organizations to access clean energy tax credits that come from 2022’s Inflation Reduction Act, which contained nearly $370 billion in climate provisions.
Its Streets Degrading, Palm Coast Looks for Electric Vehicles to Pay Their Fair Share of Road Taxes
Neither Florida nor Palm Coast tax electric vehicles’ energy consumption, though EVs drive and damage local roads just as other vehicles do. The Palm Coast City Council, faced with a $52 million road-repair bill over the next five years, is looking for new revenue, and targeting EVs. But they may not be a lucrative source just yet.
Two-Week Sales Tax ‘Holiday’ for Disaster Preparedness
The State of Florida is offering disaster preparedness financial assistance through two programs: the 2023 Disaster Preparedness Sales Tax Holiday and the UNITE Florida Sheltering at Home for Recovery Continuation (SHRC) Program.
Flagler’s Property Values Still Rose Robustly, Continuing Potential Windfall For Local Governments
Property values didn’t rise as sharply this year as they did in 2022. But the increase is still the second-highest in 16 years, generating substantial new revenue for local government budgets.
Lawmakers Pushing to Increase Homestead Tax Break at Local Governments’ Expense
A proposal to change the state’s Save Our Homes property-tax cap from 3 to 2 percent, significantly diminishing local governments’ revenue, cleared its first legislative committee on Wednesday, despite concerns that it might force counties to cut services or shift the tax burden.
Only the Richest Ancient Athenians Paid Taxes – and they Bragged About It
In ancient Athens, only the very wealthiest people paid direct taxes, and these went to fund the city-state’s most important national expenses – the navy and honors for the gods. While today it might sound astonishing, most of these top taxpayers not only paid happily, but boasted about how much they paid.
Amendment 3: Is Yet Another Homestead Exemptions Needed, Or Prudent?
Florida voters could offer significant property tax exemptions to Florida’s teachers, firefighters, active-duty members of the U.S. military, and other specified professions, amid a relatively hostile housing market. But a well-meaning tax exemption may bring about other complications, such as a loss of local government tax revenue.
8.7% Cost of Living Raise in Social Security Checks Is Biggest Since 1981: 6 Questions Answered
How are Social Security benefits adjusted for inflation? Are the benefits taxable? What other government programs typically get a COLA? Does the tax system also adjust for inflation? Why does the government adjust benefits for inflation?
Gas Price Rise Erases Much of the Discount from Suspension of Florida’s Gas Tax
Flagler and Florida gas prices took an unexpected turn higher last week despite a cut in the gas tax timed by the GOP-dominated Legislature to coincide with the November election.