By Erick Winterkamp Officials in Okaloosa County recently diverted $2.5 million of Tourism Development Tax (TDT) revenues to pay for beach patrol and lifeguards, a move that Florida’s powerful tourism lobby contested. Tourism industry interest groups like the Florida Association of Destination Marketing Organizations and the Florida Restaurant and Lodging Association claimed this was … Continue reading Tourism tax may soon be used for public services
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
Florida’s Tourism Development Tax
By Erick Winterkamp Policymakers experience conflicting pressure concerning taxation. Corporations want taxation on competing products and industries, government officials often need more taxation to cover rising expenses, and the public would rather taxes be levied on anyone but themselves. Balancing these opposing factors, along with elected officials’ desire for reelection, results in a myriad … Continue reading Florida’s Tourism Development Tax
Orlando’s Soccer Stadium Not Worth Public Investment
By Logan Shewmaker U.S. Major League Soccer (MLS) is pushing to expand into Florida. Between 2008 and 2013, the average MLS franchise’s market capitaliztion grew 175 percent. The average attendance for MLS games exceeds 18,000, higher than the NBA. “The beautiful game” is growing in the United States, but does MLS growth justify public subsidies? … Continue reading Orlando’s Soccer Stadium Not Worth Public Investment
Sports Stadiums Not Worth Public Subsidies
By Logan Shewmaker Next time you attend a ballgame, consider for a moment the monumental effort necessary to build a sports stadium. Surely, stadiums are among the most impressive structures ever built. Tourists continue to marvel at the architectural wonder of Rome’s Coliseum. But does that justify public subsidies? Three-fourths of stadiums in the U.S. … Continue reading Sports Stadiums Not Worth Public Subsidies
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
Taxes, Inequality, and Business Climate
Original post date: September 19, 2014 Article by: Dan Davy Today, states are left with a difficult choice between maintaining revenue growth and providing a competitive business climate. Taxes that promote the most competitive business climates tend to be less progressive and have lower growth rates. Standard and Poor’s (S&P) released a new report finding that states … Continue reading Taxes, Inequality, and Business Climate
Wealth Migration Pays Florida
State. It is also worth noting that you can track individual counties. For Florida, the biggest winners were a strip along the Gulf coast (from Citrus County to Collier) and most of the Atlantic coast. Of course, there are other factors at play. The elderly (who are more likely to be wealthy) have been retiring … Continue reading Wealth Migration Pays 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
Controversy Over Pension Liabilities May Leave Taxpayers in the Hole
Post date: November 13, 2012 Article by: Anonymous 5/8/2023 Edits: Some links that were no longer working have been fixed. A recent report published by the Leroy Collins Institute at Florida State University regarding Florida’s increasingly unfunded public pension plans received some controversial feedback, largely in response to the accounting methods used. Critiques of the … Continue reading Controversy Over Pension Liabilities May Leave Taxpayers in the Hole