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Florida’s economy generates sufficient revenues to fund public services to meet state needs. However, a large portion of potential state revenues never enter state coffers because of loopholes in the state’s tax laws, resulting in future budget shortfalls. Instead of cutting the state budget in the name of fiscal conservatism, the state Legislature should adopt policies to close these loopholes and invest state revenues in needed services that benefit all Floridians and the economy. Read more...
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House Bill (HB) 7005 preserves the state subsidy for the World Golf Hall of Fame while seeking to eliminate a range of tax credit programs provided through Enterprise Florida. The justification for retaining the state subsidy for the World Golf Hall of Fame is unclear at best, and raises the question of what criteria the House used in determining which tax credits to propose for elimination and which to preserve. State return on investment, it appears, is not the benchmark being used by the Florida House of Representatives. Read more...
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In the News
The following op-ed authored by Mireya Eavey, Sarasota area president of United Way Suncoast, and Joe Pennisi, executive director of the Florida Policy Institute, appeared in the Herald-Tribune on February 20, 2017: “Imagine finding an unexpected letter from the Internal Revenue Service in your mailbox stating that you owe them thousands of dollars. Read more...
In the News
The Florida Policy Institute (FPI) was featured in an Orlando Sentinel article, authored by Naseem Miller, which centered on FPI’s goal of urging long-term public investment to bring widespread prosperity to Florida. In “Florida Policy Institute eyes ‘long-term’ impact on state’s residents,” Miller writes: “The independent, nonpartisan nonprofit aims to ‘bring a voice that has not been heard enough in the state of Florida,’ said Joseph Pennisi, executive director of the institute, which is in Lake Mary. Read more...
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