New Sports Stadium Tax Credits With Major League Soccer awarding franchises to Orlando and Miami, both cities will be looking to secure state incentives. Backers of the teams are seeking $2 million in annual rebates. The 20-year program would provide funding for construction, operations, and maintenance. Speaker Weatherford announced that he was not in favor Read more about Legislative Session 2014: Legislative Issues[…]
Despite Florida’s economists projecting an $845 million surplus for fiscal year 2014-2015, Governor Rick Scott instructed state agencies to submit budgets with a 5% cut to recurring funds. State agencies were required to send their proposed budgets to the Governor by October 15th. Coupled with these proposed reductions is the Governor’s intent to cut taxes Read more about Florida’s Projected Budget 2014-2015[…]
Florida’s Back-To-School sales tax holiday runs from August 2nd-4th. This year marks the first in Florida history where personal computers and accessories are considered school supplies, and Florida retailers are ramping up for consumers to take full advantage of the savings and markdowns. Devices covered under the holiday include e-readers, laptops, desktops, tablets, and associated Read more about Florida’s Back-To-School Sales Tax Holiday 2013[…]
Florida’s economy is slowly regaining strength as state economists project the state’s tax collections will grow about an average of 5 percent, or as much as $3.5 billion, for the next fiscal year. Florida’s unemployment rate for February, 2013 is at its lowest level in four years, 7.7%, and recently fell below the national average for the Read more about 2013-2014 Budget[…]
Governor Rick Scott’s proposed $74.2 billion budget for fiscal year 2013-2014, entitled “Florida Families First”, uses the higher than projected general revenue tax collections to balance the plan. An estimated $260 million of this projected revenue is set aside to fund two priorities – a $1.2 billion increase for public schools and the elimination of Read more about 2013-2014 Governor’s Budget[…]