Florida unveils strategy to slash property taxes statewide. Could it work?
Potentially wasteful spending could prove need for tax cuts, CFO said
What we have seen over the last five years, post-COVID, is that local governments have taken their budgets and expanded them greatly,” Ingoglia stated.According to the CFO, the general fund budgets for these local governments, which are funded by property taxes, have gone up on average between 60% - 120%.
Furthermore, he argued that during the COVID-19 pandemic, many of these governments used federal funds to greatly expand their scope and — in some cases — grant “egregious raises” to employees.
And then, thanks to the flood of new residents coming into the state, these governments were able to accrue even more tax revenue, which allowed them to keep up their spending, Blaise claimed.
“When you go back pre-COVID, and you start factoring in inflation and population growth, those budgets should not have exploded anywhere near where they’re exploding right now,” he added.
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17 comments:
The problem is that they're over building too much in Florida and there's a real estate crisis now a lot of people who bought in the past few years they can't even sell their house for what they paid for it four or five years ago it's worth a lot less there's going to be a lot of upside down mortgages we know some people that paid like 450,000 for a house and now it's only worth $300,000 so it's really problematic and then they keep raising the taxes and putting all these garbage assessments and doing so many other things and they just max out the even if you're Homestead of they Max it out every single year the 3% and then any other assessments that they can add on and people are being taxed out of Florida and we're considering selling our house and moving out of Florida because we feel that the taxes are just unsustainable it's just too high it's too much in the quality of life here really isn't that great anyway people drive so aggressively there's just such an era of selfishness and greed and Corruption here that's just not really welcoming to be around anyway when you go to the beach people have their dogs there or they're smoking or they're drinking nobody follows the laws or does anything here in the State anymore it's so out of control so Lawless it's like why do you want us to keep staying to live in this state when you have to pay so much in taxes and it's such a poor quality of life in the state it's horrible we got our trim the past few weeks from our County Appraiser and they just keep raising everything it's just crazy and it's so unfair with portability some people that get lower taxes and others because of their portability and then others they have like only pay a third of what we pay because they've been in their houses for 20 years and their house could sell is easily as for as much as my house sells for but then they only pay a third of the taxes that I do there's just a lot of unfairness to the way the property tax structure is done and then I really feel like the property appraiser too is inflating the taxes wirh the market value is so much that we could never sell our house for that amount. Florida is going to have a major problem soon and there is going to be a big mess here everyone's going to be fleeing the state with this crazy greedy Tax scheme that they've got going on!
Talk is cheap!
The state never does anything!
Govt.s always cry poor as they are grabbing more and more of our money !
@6:44--Totally disagree with you anonymous. The state operates basically on sales tax and they get 6% and the county gets the rest. We have NO state income tax and that is why 1,000 people a day are moving here. This is a great state with a great governor, My proposed property tax bill arrived today and it is lower than last year.
The sad thing is that they're jacking up the taxes and all these new houses that sold for three and $400,000 they're paying $3-5000 in taxes a year and they have so many new taxes on the tax rolls they're making millions and billions and trillions and where is all this money going is it going into reserves where is it going who knows where this money goes? Because they're getting so much of it there is so much greed and Corruption and pigishness in our government right now they're just so greedy and corrupt that enough is enough they need to lower the taxes because people are going to be moving out very very soon it's already happening people are fleeing the State of Florida right now! Greedy, they should Lower them some with so many new houses
Who are all these people fleeing, anonymous? Sorry, but you are misinformed. Florida has seen rapid population growth over the past few years, adding over 1 million net new residents since the release of the Florida 2030 Blueprint. The Florida Chamber Foundation has forecasted another 225,000-275,000 new Floridians in its recently released economic forecast. Florida continues to have a reputation as the best place to live and work, which attracts new residents. Florida has seen gains in population over the last 5 years from states like New York, New Jersey, and Illinois, that greatly outpace any migration out of Florida.
Anonymous--if you want to post a link to let us know how awful our State is doing, please make it current and up-to-date as posible. Why you Democrats are against eveything is strange to say the least.
New York area people are moving here for tax breaks, retirement and property investment they aren’t moving here because of politics, they aren’t snowflakes fleeing political persecution or discrimination same goes for Canadians.
@12:44...Canadians aren't moving here. In fact, they are selling as their dollar is not going too far to afford our economy. A lot has to do with our great weather but most of all Florida offers very generous tax legislation compared to New York (Florida has no state income tax). It is not surprising that several high-net-worth individuals living in New York are migrating south in search of considerable tax savings. Hannity moved here and so did Mark Levin. The other thing, they are getting away from a blue state run by Democrats moving to one of the best run states in the country. And we don't put up with illegal aliens.
And they are moving fron NY to get away from socialists, and communist and that crazy Mamdani
Lucky you, mine has made us want to move out of the county and state!
Canadians and old people retired people and people who are living in Florida who are retiring are all moving out of Florida too expensive now that a house you have to pay three or four hundred thousand for taxes are like 5 6, 7, 8,000 a year it's unsustainable in a lot of people can't afford that when you live in a small little condo that has a value of $50,000 so you only pay probably $300 in taxes you don't understand when you own a house it's a lot different than a little old condo like yours! People are moving out of Florida now there's a huge real estate crisis now especially with houses and condos on the beach!
And I'm moving to New York after living in Florida for 30 years this place is just too expensive it's taxing us out of this County and state!
They need to lower the taxes some for people who own houses that cost anywhere from $250k to 500,000 those types of people are just Middle America and their taxes are just unsustainable it's causing a lot of problems a lot of people that paid $450,000 for a house now their value of their house is only worth $300,000 now they have upside down mortgages and this is happening a lot right now in 2025 do your research it's in 2025 the problem!
@4:02..bye, bye. You do your research.
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