Florida TaxWatch Budget Watch

1. Florida TaxWatchBudget Watch Spending & Property Taxes in 2014

2. What is Florida TaxWatch? An independent, nonpartisan, nonprofit taxpayer research institute and government watchdog

3. 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.

4. 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

5. SESSION 2014 STATE TAX RELIEF • $574 million proposed tax cut • Vehicle registration fees • Business tax relief • Tax-free holidays • Other options • Communications Services Tax

6. 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

7. 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

8. 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

9. PROPERTY TAX REFORM: A LONG WAY TO GO

10. PROPERTY TAX REFORM • Save Our Homes • Assessment Caps • Save Our Taxpayers

11. JUST VALUE VS. TAXABLE VALUE (‘06 -‘18) Just Value Taxable Value

12. Thank you Morgan McCord Communications Coordinator mmccord@floridataxwatch.org 850.222.5052