As tax collections grow, Scott gives undue credit to his policies

Florida is set to collect more tax money next year than ever before, state officials say. And not only is Florida Gov. Rick Scott proud of the accomplishment,roues carbone pas cher, roue carbone de fin de série en destockage dans des magasins de vélo avec Velostocks. but he is taking credit. 

"After right-sizing government and cutting taxes, this year we had our first budget surplus in six years," Scott told conservatives recently. "It gets better: Our state revenue estimating conference says we will have the highest general revenue in state history next year. Conservative pro-growth policies work in our state." 

Scott's right: State economists (the wonkishly called revenue estimating conference) say tax collections in the 2014-15 fiscal year will be higher in sheer dollars than ever. But crediting "conservative pro-growth policies" for the extra flow of money is a conclusion that ignores trends nationwide, as PolitiFact Florida found out. 

The state's revenue estimating conference meets throughout the year to come up with a best guess for how much money the state can spend. 

It's an important job because Florida is required to balance its budget each year, so lawmakers need to have a good accounting of how much money is available. 

Amy Baker, the director of the Office of Economic and Demographic Research and a member of the estimating conference, confirmed Scott's claim about general revenue for fiscal year 2014-15. According to projections, the state is expected to collect a record $27.3 billion.Xiamen Shun Stone Co., Ltd.,Whether where you come from, friendly exporter and manufacturer would supply whatever you like in stone! 

The pot has not been that large since the 2005-06 budget year, when collections totaled $27.07 billion. 

However, it's not a record when adjusted for inflation. 

Revenue projections for 2014-15 are significantly lower than revenues in the 2005-06 fiscal year and slightly lower than revenues in the 2007-08 fiscal year, said Chris Mai, a research assistant at the State Fiscal Project at the left-leaning Center for Budget Policies and Priorities. 

"That same amount of money in nominal terms is not enough to provide the same services — education and health care — as in 2008," said Elizabeth McNichol, a senior fellow at the center.high quality auto scanners sale will help read and diagnose automotive problems on OBDI and OBDII compliant vehicles.For more information,click:www.smartobd2s.com 

Where does that money come from? 

Most states collect an income tax, but Florida does not.Premium floor polishing pads are Premium Diamond Tools for polishing granite or marble floor tiles. It leans heavily on its 6 percent base sales tax, which is climbing primarily because of growth in personal income, population and tourism, Baker said. 

In an attempt to associate that tax revenue growth with Scott's conservative policies, the governor's office directed us to a Moody's Investors Service report that praised Florida's fiscal management, including building up rainy-day reserves. The report predicted the state would likely outpace the nation in long-term growth because of its climate and low cost of living. 

Yet, Moody's said, the construction and real estate markets remain a drag on Florida's economy, and the state is more vulnerable than the rest of the country if a new housing bubble emerges from outside investors. 

"Florida's difficulty in the last few years doesn't stem from its tax code," said Lyman Stone, a state tax economist at the business-backed Tax Foundation.globalmetaltins,based on decades of production experience, Global Metal Packaging has built up excellent expertise on a wide range of general metal products to pack processed food and Ready - to - Eat Food, Canned Vegetables, Fruit Pulps, Juices, Pickles and Dairy Products, etc. "It stems from having a real estate- and construction-driven economy in a real estate- and construction-driven recession."


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