By Giovanna da Silva As a part of his plan to revamp US public infrastructure, President Donald Trump recently suggested increasing the gasoline tax to 25 cents a gallon from the current rate of 18.4 cents per gallon to help fund his $1.5 trillion infrastructure plan. This isn’t a new idea, however, as proposals for … Continue reading Raising the Gas Tax Will Not Help Finance Public Infrastructure
Fix the FRS Before It Breaks
By Randall G. Holcombe, Ph.D. In a recent blog post I argued in favor of shifting the Florida Retirement System (FRS) that provides pensions for retired state workers to a defined contribution system, and privatizing the system. Governor Scott and many legislators favor the shift to a defined contribution system, and because many private companies … Continue reading Fix the FRS Before It Breaks
Is Florida All Aboard for Intercity Railroads?
By Matt Kelly A battle over railroads is underway in the Sunshine State. Activists in Florida have stridently protested All Aboard Florida (AAF), which will launch the United State’s first privately funded and operated intercity rail service in over 50 years. AAF’s opponents strongly doubts the enterprise’s financial viability. Generally, rail services across the country … Continue reading Is Florida All Aboard for Intercity Railroads?
Florida’s Pensions Could Be Reformed Locally
By Matt Kelly On January 27th, the managers of 19 Florida pension funds received a “call to action” letter from the Florida Department of Management Services informing them that reforms are needed to address their unfunded liabilities. A previous blog pointed out that while Florida’s state’s employee pension fund is 86% funded (better provisioned than … Continue reading Florida’s Pensions Could Be Reformed Locally
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
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
The Current State of Pensions in Florida
By Matt Kelly With their swampy humidity and world famous theme parks, Florida’s cities seem a world away from the frigid cold and automotive factories of Detroit, Michigan. Yet the two states have at least one commonality: underfunded pension liabilities. Such liabilities can potentially put a state or municipality into budgetary crisis, even bankruptcy. Reforming … Continue reading The Current State of Pensions in Florida
San Diego’s Pension Reform Bodes Well for Carl Demaio
Original post date: October 10, 2013 Article by: Anonymous 5/10/2023 Edits: Some links that were no longer working have been fixed. Carl DeMaio is one controversial congressional candidate. He served from 2008 to 2012 as city councilman of San Diego, where his ideas for pension reform became popularized, and he is also a policy analyst … Continue reading San Diego’s Pension Reform Bodes Well for Carl Demaio
Legislator Residency Called into Question
Original post date: July 30, 2013 Article by: Anonymous 5/10/2023 Edits: Some links that were no longer working have been fixed. The Tampa Bay Times reported that Governor Scott has assigned his top lawyer to look into claims that six state legislators do not actually reside in the districts they represent. The accusations come courtesy … Continue reading Legislator Residency Called into Question
Florida Does Not Need More Corporate Welfare
Original post date: March 27, 2013 Article by: Anonymous 5/8/2023 Edits: Some links that were no longer working have been fixed. Even amongst fiscal conservatives, the argument is often made that the public funding of sports stadiums is justified because of the economic benefits they bring to their communities. According to TBO, the state senate … Continue reading Florida Does Not Need More Corporate Welfare