Property taxes in Florida are based on annual assessments of property values made by county officials. Homeowners in Florida can challenge assessments that they believe overvalue their property and inflate their tax bill. Informally, the homeowner may meet with the assessor to negotiate for a reduced assessment. The homeowner may also petition for a formal … Continue reading Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners
Study Explores Local Government Response to Recessions
Recessions can be trying times for city and county governments. They typically experience a fall in revenue from two primary sources: 1) a shrinking property tax base because of falling property values and 2) lower intergovernmental transfers—grants and other payments received from the state and federal governments—because of cutbacks made at these higher levels of … Continue reading Study Explores Local Government Response to Recessions
Preparing Florida’s Government Policy for The Next Big Hurricane
by Chad Thomas Political and economic conditions in New Orleans before 2005 left the city unprepared for Hurricane Katrina. The government bureaucracies responsible for levee maintenance were mismanaged and corrupt officials diverted needed funds. Weak economic performance before Katrina also set up affected areas for slow recovery afterward. New Orleans’ experience shows how government can … Continue reading Preparing Florida’s Government Policy for The Next Big Hurricane
Local Government Revenue Indicates Sluggish Recovery for Florida’s Businesses
By Benjamin Petersen and Matthew Laird Revenue collected by Florida’s local governments has grown dramatically in the last few decades, raising the importance that Floridians have an accurate understanding of how our governments raise and spend taxdollars. Revenue collected by local governments from permits, fees, and licenses is of particular importance for Florida’s business and … Continue reading Local Government Revenue Indicates Sluggish Recovery for Florida’s Businesses
Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive
By Marisa Lupica The Qualified Target Industry (QTI) tax refund is offered to attract high wage jobs in target industries to Florida. The program is administered by the Department of Economic Opportunity, Enterprise Florida, Inc. (EFI), and the Department of Revenue. Among Florida’s tax incentive programs, QTI is the largest and has the highest return … Continue reading Despite Problems, Florida’s Qualified Target Industry Tax Refund is Best Performing Incentive
Florida Facing the Wrong Direction on Immigration Reform
By Selene Capparelli The US immigration system has been badly broken for many decades. Mass deportation, enhanced border security, and keeping undocumented workers in perpetual illegal status have been proven to be very costly and ineffective methods to handle the constant influx of new immigrants.These policies result in hundreds of border-crossing deaths each year, abject … Continue reading Florida Facing the Wrong Direction on Immigration Reform
The Top 10 Highest Earning Counties in Florida
By: Igor Lukashevich and Nadia James The top six Florida counties for revenue intake per capita are as follows: Duval, Monroe, Miami-Dade, Franklin, Charlotte, and Collier. Total revenues for counties follow very closely with total expenditures, as the same six counties also topped the list for expenditures per capita. This relationship makes sense because the … Continue reading The Top 10 Highest Earning Counties in Florida
Property-tax hike in Tallahassee reveals broken budget process
Proposed tax increase in Tallahassee shows broken budget process. Zero-based budgeting would help.
New Study Sheds Light on Property Taxes in Florida
By Matt Kelly A new study by DeVoe Moore Eminent Scholar Keith Ihlanfeldt and economist Kevin Willardsen explores property taxes in Florida. The authors challenge the conventional wisdom that governments only consider the “public interest” when writing their budgets and setting tax rates. With property taxes accounting for 31% of Florida’s total revenues, understanding how … Continue reading New Study Sheds Light on Property Taxes in Florida
Florida’s Public Pension Funding #1
Original post date: November 29, 2012 Article by: Anonymous Despite all of the controversy surrounding the soundness of Florida’s public pension programs, a report by Jagadeesh Gokhale at the Cato Institute recognizes Florida as the number one state in terms of public pension plan health. This may be surprising due to all of the scrutiny Florida’s … Continue reading Florida’s Public Pension Funding #1