The budget package includes a modest increase in per-student spending through the state’s main education formula, $521 million in Medicaid cuts for hospitals and far-reaching changes to education across the board.
tax cuts
3-Day School “Tax Holiday” Part of $129 Million Tax-Cut Package Nearing Approval
The package is far short of the $1 billion in tax cuts that Gov. Rick Scott requested. The trimmed-down package is the result, at least in part, of lawmakers responding to state economists reducing revenue forecasts for the next couple of years.
Gov. Scott Sought $1 Billion in Tax Cuts. Senate Cuts It Down to $129 Million.
The new tax-cut package will combine with about $290 million earmarked to hold down local property taxes that would otherwise go into the state’s school-funding formula.
Florida House May Back Scott’s $1 Billion Tax Cut, With Minor Differences
The House intends to offer a $1 billion tax-cut package that includes Gov. Rick Scott’s call to reduce a tax on commercial leases and holding a back-to-school sales tax “holiday.”
Scott Wants Tax Cuts Larger Than Projected Surplus. Lawmakers Are More Prudent.
Scott wants a larger tax-cut package in 2016 than the $673 million he sought this year, even though the state budget surplus is projected at $635.4 million, much of it one-time revenue that won;t recur in subsequent years.
Gov. Scott Signs $429 Million Tax-Cut Package, Saving Average Floridians a Few Dollars a Year
The tax savings are projected at less than $2 a month for people paying $100 a month for phone or TV services. The package reduces costs on cell-phone bills, cable TV bills, gun club memberships, college textbooks and luxury boat repairs.
Despite Budget Crunch, Cable and Cell Phone Tax Cuts Still Expected in Special Session
Floridians could still get a reduction in their cable-TV and cell-phone bills as part of a new House tax-cut package, though it’ll fall short of the nearly $700 million package projected earlier this year.
Seeking $500 Million Cut, Scott Asks for Lower Taxes on Cell Phone, Satellite and Cable Bills
The governor’s office said it would save about $43 a year for a family that spends $100 a month on cell-phone and cable services, though spending on such services varies widely by household.
House Balks at $2 Million-a-Year Tax Subsidy to Daytona Speedway as Other Breaks Advance
Funding for Daytona International Speedway and a temporary tax break on gym memberships could be casualties when the House and Senate meet next week on their opposing packages to complete Gov. Rick Scott’s $500 million election-year tax cuts.
Moral Monday Comes to Florida as NAACP Leads Capitol Protest, and Right-Wingers Respond
“Moral Monday” included an array of left-leaning groups calling for lawmakers to expand Medicaid, stop the state’s voter purge and roll back the “stand your ground” self-defense law, while a right-wing group later held its own event to oppose expanding Medicaid and support overhauling the state’s pension system, cut taxes and expand school vouchers.
Florida Lawmakers Reeling Up Billion-Dollar Tax Breaks For Film and TV Industries
Less than a week after a measure was introduced in the House to provide $1 billion in tax credit to film and television production efforts in Florida, the Senate Commerce and Tourism Committee released a proposal that offers $300 million in tax credits.
Another Tax Cut for Business: Putnam Proposes Reducing Electricity Sales Levy By Half
By phasing in the reduction from 7 percent to 3.5 percent, the impact to state revenue should be a reduction of about $85 million the first year, and an additional $70 million in each of the two following years. Residential customers would see no tax cut.
Florida Corporations Get a Bigger Tax Break, Shoppers Get Another Sales Tax Holiday
Gov. Rick Scott called the corporate tax break “a huge victory” for Floridians that would help businesses create more jobs, though there is little evidence that such tax breaks spur job creation, and some evidence that the tax breaks are closer to corporate welfare.
0.2% Stupor: Protecting 350,000 Millionaires At the Expense of 160 Million Workers
There’s a very simple way to ensure that this country goes the way of old, bankrupt empires, and it doesn’t take flying planes into building or suckering the world’s mightiest military into pointless wars halfway around the globe. All it takes is voting Republican.
Property Tax Overhaul Passes House: Breaks For New Home Buyers, Business, Snowbirds
First-time home buyers would get a 50 percent property tax break on the value of their home. Voters would decide whether to cap property tax assessment increases for commercial properties at 5 percent.
Property Tax Reform: 50% Exemptions, Breaks for Investors, Losses for Local Governments
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.
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.