"Here are all the tax cuts included in the Florida Legislature's budget this year" via Jacob Ogles of Florida Politics — On the 102 days of negotiations about what taxes in Florida to slash, legislative leaders unveiled almost all of their tax package for the coming fiscal year. Nearly $1.3 billion in savings were included, some with revenue costs in the hundreds of millions and others delivering much smaller sums. The biggest tax savings come with the repeal of Florida's business rent tax. For years, Florida has been the only state to assess a tax, 2% last year, on business leases. Killing the levy will result in a collective reduction in general revenues of $904.8 million. The Legislature also plans to make a back-to-school sales tax holiday permanent for most clothing and school supplies. It has been authorized by the Legislature for most of the years since 1998. Senate President Ben Albritton said he wants it to happen every year now, meaning a recurring cut to state revenues. This year, that means a loss of $167.7 million.  Senate President Ben Albritton championed major tax cuts, including a permanent back-to-school sales tax holiday. "Budget conference: No raises for Cabinet officials" via A.G. Gancarski of Florida Politics — Members of the Cabinet and the Lieutenant Governor (whoever that ultimately is) aren't in line for any annual raises in the near-final budget. The Governor's salary will remain at $141,400, the LG will be paid $135,516, and the Agriculture Commissioner, Attorney General and yet-to-be-appointed Chief Financial Officer will stay at $139,988 each. Other state officials can anticipate pay bumps, however. A Supreme Court Justice is slated to make $264,136, up from $258,957. That 2% raise aligns with the level proposed for state workers. "Budget conference: House, Senate agree on $500M for emergency preparedness, response" via Jesse Scheckner of Florida Politics — Florida will again set aside some cash — $500 million, this time around — for declared disasters in the state. After proposing different totals in their respective spending plans, the Senate and House agreed on a sum that fell exactly in the middle. In its budget bill, the upper chamber recommended a $250 million earmark for the Emergency Preparedness and Response Fund, the primary funding source the Governor uses to prepare and respond to disasters and states of emergency that exceed regularly appropriated funding. The lower chamber's budget bill proposed was triple that: $750 million. The Senate increased its proposal by a quarter billion dollars to $500 million, the same as what was in last year's signed budget. "Budget conference: Major hotel tax reform fails to advance" via Gabrielle Russon of Florida Politics — Major hotel tax reform that would have drastically changed tourist towns like Orlando died during the final budget talks. It's a blow to some leaders who have been pushing to add more flexibility to the lucrative pot of money for years. Included in HB 7031 are a pair of provisions that allow all counties to use tourist development tax (TDT) funds to pay for lifeguards, and communities adjacent to the "Gulf of America" to use TDT for infrastructure projects. However, there are no significant changes that legislators have been considering in the lead-up to budget talks, as lawmakers prepare to vote on a final budget on Monday. "Budget conference: Cardrooms, horse racing tracks hit jackpot with tax savings" via Jacob Ogles of Florida Politics — Cardrooms and horse tracks will see tax relief from a budget negotiated by appropriations leaders in the Florida Legislature. A tax cuts package includes a 2% reduction in the pari-mutuel tax paid by cardrooms in the state. The state currently charges a 10% tax on cardrooms' monthly receipts, but the state budget calls for a reduction to take effect in August. Rep. Wyman Duggan, House Ways and Means Committee Chair, said the goal is to ensure cardrooms can still employ people across the state. "Cardrooms, they tend to be decently large employers in their areas, and they tend to generate some property value on their property taxes," the Jacksonville Republican said. "Think about cardrooms you have been to. They are larger in size, making them a good property tax provider in communities." "Budget conference: House Republicans finally land full repeal of Florida's jet fuel tax" via Jacob Ogles of Florida Politics — Lawmakers brought the elimination of a jet fuel tax in for a landing this Session. When the appropriation chiefs for the House and Senate finalized a state budget, a long-sought repeal of the aviation fuel tax was included. That means when various forms of tax relief go into effect in August, a 4.27-cent levy on every gallon of the commodity will disappear. That has been a House priority, advanced initially as a standalone bill (HB 1485) by Rep. Fabián Basabe. After the House Ways & Means Committee advanced the bill on a 12-5 party-line vote, it ultimately was woven into the lower chamber's budget proposal with other taxation policies. Rep. Duggan said the policy change could make Florida airports more attractive to airlines of all sizes.  Fabián Basabe successfully championed the full repeal of Florida's tax on jet fuel. "Budget conference: Budget heads agree to kill business rent tax, make back-to-school tax holiday permanent" via Jacob Ogles of Florida Politics — Legislative budget leaders unrolled a final tax relief package that eliminates the business rent tax and sets a back-to-school sales tax holiday. In total, proposed tax cuts add up to $1.29 billion in cuts. But after arguments about sales and property tax cuts pushed lawmakers into an extended Session, the bulk of the savings came chiefly in savings to businesses. Nearly $905 million in general revenue cuts come from repealing Florida's business rent tax, a levy charged by no other state. Lawmakers in recent years steadily rolled back that rate, last year setting the charge at just 2%. Still, the tax accounted for nearly a billion in revenue. "Budget conference: Governor's Office gets power to investigate local governments" via Gabrielle Russon of Florida Politics — Lawmakers are giving DeSantis the power to probe local governments for overspending or fraud and for supporting DEI (diversity, equity, and inclusion) initiatives. One of the final provisions finalized late in the budget talks this week allows the Office of Policy and Budget (OPB) within DeSantis' Executive Office to investigate local government "functions, procedures, and policies" involving misspending and mismanagement of taxpayer money, DEI and redundant functions. Local governments unwilling to provide records or employee access to OPB's requests would face $1,000 daily fines. The OPB can review personnel costs, administrative costs, contracts, programs, grants and more, according to the new policy. "Budget conference: House item nixes Miami-Dade College say in school anti-communism Board" via Jesse Scheckner of Florida Politics — an eleventh-hour adjustment to Florida's next budget will remove Miami-Dade College's (MDC) input on a Board that oversees a new, anti-communism program the school operates out of the Freedom Tower in downtown Miami. In its last bump offer to the upper chamber, the House added an item removing an existing provision requiring MDC to approve the Board of Directors of its Institute for Freedom in the Americas. Like "sprinkle list" items included at the last minute in the state's spending plan each year, the change became part of the budget without requiring an OK from the Senate. DeSantis could veto the item, but it's unlikely. |
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