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How should we balance the Florida budget?

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Well so far I don't think anyone has come up with anything that would fill a 3 to 4 billion dollar hole. (Not even Bob succeeded since an income tax would require a Constitutional amendment.) One thing seems clear here - tax increases seem popular, but most of these appear to be aimed at areas where the poster would not be directly effected. I was waiting for someone to suggest a property tax increase - fair and evenly distributed among those who can afford lands. Apparently though hammering the lower classes with consumption taxes and niche taxing of private businesses is more popular. I'm not surprised.
I think a property tax is an excellent idea, you are correct it would be distributed equally based of what you own or rent. I think maybe folks were attempting to think of new and ingenious ways and not a tried and true method already in place, because not one person said that they were opposed that I read anyway. Maybe trimming what the state collects and leaving it to the locals to fend and narrowing what the state is responsible for is the way to do it. The State is already turning over the DMV's to the local governments, although they are continuing to take a bite out of the Clerk Of Courts. But in the end the locals will be paying a larger share of the DMVs and the state will want their share no matter the lack of oversight they are going to provide. Just like schools, the state gives less and less and expect it to be made up at the local level.
 
I am opposed to a state income tax too - and I think if we implemented most of my suggestions it would save us at least $3 billion. :wave:

Frankly I would li
 
I am opposed to a state income tax too - and I think if we implemented most of my suggestions it would save us at least $3 billion. :wave:

Frankly I would like to see us change lots of rules so that those running up bills are somehow paying for them/offsetting the costs.
 
there is no one way to make up the difference; it takes a combination of many things; and mostly it takes people who are courageous enough to look at the issue from an overall, comprehensive perspective. We need to do things diffferently and we need to do it in a progressive, constructive way, not a regressive way that hurts the "least among us" the most.
 
A new forecast from state economists increased the pressure on lawmakers to cut spending Friday, adding about $135 million to a previously estimated $3.62 billion shortfall for the next Florida budget.

That boosts the Legislature's spending reduction target to $3.75 billion for the fiscal year beginning July 1.

The budget gap widened although the economists made relatively small changes - less than 1 percent - in their estimates for recurring general revenue in the current and next budget years.

"Even though it's modest I think we all recognize it is going to be painful to the Legislature to deal with any greater losses over what they have," said Amy Baker, coordinator of the Legislature's Office of Economic and Demographic Research.

Leaders of the Republican-controlled Legislature have taken tax and fee increases off the table, so the only way lawmakers will be able to close the 2011-12 budget gap is to cut spending and public services including education, health care, social services, prisons and courts.

Economists from the Legislature, Gov. Rick Scott's office and the Department of Revenue meet three times a year to update general revenue estimates.

They increased the current year forecast for recurring general revenue by $31.3 million, raising the total to $22.4 billion. Next year's estimate, however, dropped by $215.8 million to $23.8 billion. That's still a 6.4 percent increase over the current year.

General revenue represents about a third of the state budget which currently is $70.5 billion. The rest is federal money for such programs as Medicaid and transportation and state trust fund revenue. Those are taxes and fees earmarked by law for specific purposes such as utility taxes for school construction and fuel taxes for roads and bridges.

Lawmakers have little discretion over spending paid for with those two revenue sources so most of the cuts will come in programs funded by general revenue.

TBO.com - Florida News From AP

I had no idea that Florida only generates about 30 billion in real revenue. The other 40 billion we borrow from China through the feds.
 
They refuse to raise fees/taxes and want more tax breaks for corporations.

In what world do they think that helps the budget? :idontno:

Math 101 dumb politicians!
 
They refuse to raise fees/taxes and want more tax breaks for corporations.

In what world do they think that helps the budget? :idontno:

Math 101 dumb politicians!

I don't think there's any chance of the corporate tax rate being cut, at least not this year. IMHO this was a dumb thing to push right now by Scott. The overall effect on business here isn't that major (5.5% is already low compared to other states) and the revenue (about 2 billion) is not that signifigant either. All it does is make Scott look bad. He should drop the subject.
 
all those bluehairs living in the highrise beachfront canyons can start kicking income tax
 
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