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Florida TaxWatchBudget Watch
Spending & Property Taxes in 2014
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What is Florida TaxWatch?
An independent, nonpartisan,
nonprofit taxpayer research
institute and government
watchdog
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TaxWatch Mission
To provide the citizens of Florida and public
officials with high quality, independent
research and analysis of issues related to
state and local government taxation,
expenditures, policies, and programs.
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SESSION 2014
GOVERNOR SCOTT’S BUDGET
• $74.20 Billion
• Highest Education budget ever proposed
• Increases RLE
• Only new debt in a transportation project
• Incorporates billions in cost-savings
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SESSION 2014
STATE TAX RELIEF
• $574 million proposed tax cut
• Vehicle registration fees
• Business tax relief
• Tax-free holidays
• Other options
• Communications Services Tax
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PROJECTED GROWTH
Ad Valorem Estimating Conference
December 2013
• +1.32% in taxable value
• 1 mil is projected to be valued at $1,428,510,000
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WHAT TO WATCH IN 2014
Tax Exemption Legislation
• SB 626 – Charitable Organizations
• SB 624 – Fair Associations
• SB 842 – Mobile Homes
• SB 704 – Municipality Owned Property
• SB 922 – Renewable Energy Commercial Property
• SB 916 – End Users of Renewable Energy
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WHAT TO WATCH IN 2014
Other Legislation
• SB 736 – Re-inventing Our Schools Act
• SB 568 – Value Adjustment Boards - Magistrates
• SB 806 – Value Adjustment Boards – Petitions
• SB 816 – Collective Bargaining
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PROPERTY TAX REFORM: A LONG WAY TO GO
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PROPERTY TAX REFORM
• Save Our Homes
• Assessment Caps
• Save Our Taxpayers
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JUST VALUE VS. TAXABLE VALUE (‘06 -‘18)
Just ValueTaxable Value
