The Palm Coast City Council was required today merely to set a tentative tax rate for next year, a routine step. It could lower the rate at will over the next few weeks. An ideological brawl prevented a vote, deferring the decision to August and effectively preventing the administration from refining the budget until then.
Taxes
Yes, States Got More Money from Washington than they Needed for Covid Relief
It appears that the pandemic-related economic downturn in states was quite muted, confounding everyone’s expectation. For example, sales tax revenues actually grew by 0.5% in fiscal year 2020 and are on track to increase 2% in fiscal year 2021.
How Flagler County’s Drunken-Sailor, All-Republican Commissioners Tried to Con You Into a Higher Tax
The Flagler County Commission’s attempt unilaterally to impose an increase in the sales tax is the latest example of a lazy, bumbling commission addicted to spending, deceptive in its methods and indifferent to the long-term public interest.
Quietly, and Without Voter Say, Flagler County Readies to Raise Sales Tax on Everyone. Palm Coast Says No.
The Palm Coast City Council today rejected a request by county government to support raising the local sales tax from 7 to 7.5 percent. The rejection deals a blow to county government, which is looking to increase the tax to pay for law enforcement and fire operations, but it also replays tensions from 10 years ago when the county’s approach on the sales tax was equally clumsy and unilateral.
Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
This Year Floridians Get 3 Tax ‘Holidays’–for Hurricane Preparedness, Culture and Recreation, and School
The disaster-preparedness tax holiday will run from May 28 through June 6, the recreation-tax holiday runs for a week starting July 1, and the back-to-school holiday runs for 10 days in August.
Florida House Backs Allowing Tourism Tax Money to be Spent on Flooding and Sea Rise Projects
The Florida House on Wednesday passed a bill that would allow counties to spend so-called “bed” tax money on efforts to combat flooding, despite concerns from the tourism industry that the change would reduce marketing dollars.
Florida House Set to Approve Online Sales Tax on Out-of-State Retailers That Would Raise $1 Billion
The money would initially be used to replenish the state’s Unemployment Compensation Trust Fund, which became depleted during the Covid pandemic. After the fund is replenished, the revenue would be used to make a major cut in a tax on commercial rent.
Finally, the Biggest Healthcare Expansion in a Decade. Now Make It Permanent.
This victory is only one step in efforts to expand health care access. The next step is to make them permanent — or, better yet, move toward a public option or universal, Medicare for All system that doesn’t tie health care access to employment or income at all, argues Olivia Alperstein.
A Tax Break for Residents of Flood-Prone Areas? Florida House Floats Sea Rise Proposals
Floridians would be asked to approve a tax break for people who elevate their homes to avoid the threat of flooding, while up to $100 million a year would be set aside to help local governments combat rising sea levels, under proposals announced Friday by House Speaker Chris Sprowls.