Tax Breaks Continue Despite Revenue Shortfall | Print |  E-mail
March 2012

Even though the Florida Legislature faced a shortfall of revenue needed to continue paying for current services, it passed an assortment of tax cuts that will diminish state funds even more in the future. In addition, it provided other tax breaks to businesses, continued the expansion of the tax-financed private school voucher program, and appropriated more than $100 million for subsidies for businesses promising new jobs.

The reduction in funds through tax cuts and subsidies was accompanied by a $300 million cut to universities and hospitals and nursing homes, whose payments were cut for the fifth consecutive year. The dollars forgone through tax cuts could have been appropriated to lessen those and other budget cuts imposed by the legislature.

> Read the report.