Senate sets stage for revenue cap vote PDF  | Print |  E-mail

Bogdanoff says lawmakers can choose to lower fees for things like driver's licenses or the state's sales tax. The state already has a revenue cap in place that was approved in 1994. It's never been reached. And opponents to TABOR like Karen Woodall with the Florida Center for Fiscal and Economic Policy, say what's the point?

"The legislature is elected by the people to deal with the needs of the state of Florida. They've had no problem whatsoever with reducing taxes. Over the last decade they've eliminated recurring revenue sources like the intangibles taxes at least 12-billion dollars out of the revenue stream, and they've done that with the existing cap."

Woodall says if TABOR passes it would tie the hands of future lawmakers to make budget decisions, and she likens the bill to what happened in Colorado. In 2005 that state placed a five-year moratorium on TABOR. Under the law Colorado's education system, health care system and transportation system all took hits while the state was giving money back.

Read the story in the WFSU Newsroom.

 
 
The Florida Center for Fiscal and Economic Policy
579 East Call Street
Tallahassee Florida 32301
Phone: 850-325-6480
Email: info@fcfep.org

The mission of the Florida Center for Fiscal and Economic Policy is to conduct independent research, develop new ideas, and advise policymakers on state fiscal and economic policy.  The Center pays particular attention to policy impacts on low- and moderate-income individuals, families and neighborhoods, workers, and small businesses.  The Center works to heighten public awareness of the need to adequately fund programs that improve opportunities, choices, quality of life outcomes, and the economic well-being of all Floridians.