State economists are trying to figure out what impact certain proposals will have on Florida’s budget. Monday’s conversation focused on property tax and corporate income tax bills.
Economists sat around a long, round table with their heads down crunching on numbers on a bill that would increase the states homestead exemption for some homeowners.
While they didn’t come up with a final number, their work matters. Property taxes make up the bulk of state education funding. Governor Rick Scott has promised an investment of nearly $19 billion in K-12 education. Both issues matter a lot when it comes to how much state lawmakers can spend in the upcoming fiscal year.