Tax Breaks Would Dig Florida Revenue Hole Deeper, Cause More Cuts in Services | Print |
March 2010

At the same time that Florida faces a potential $3.2 billion shortfall, the legislature is considering tax breaks that could further depress revenues by more than $500 million, require deeper cuts to programs helping Floridians struggling during the recession, and do little if anything to create jobs.

The tax-cut bills raise the question of whether Florida lawmakers are pursuing a course that will hurt the state’s ability to meet public needs and in the process damage—rather than improve—its economic prospects.

There is still time to change direction away from greater revenue loss and more spending cuts in the face of increased public needs.  A balanced approach that includes revenues would be a better investment in Florida’s future.

> Read the full report.