Navigation Links
Commission's Revenue Cap Proposal Would Require Cuts in Education, Health, and Safety, and Harm Business Climate
Date:3/21/2008

WASHINGTON, March 21 /PRNewswire-USNewswire/ -- Florida would likely suffer significant cuts in education, public health, public safety, infrastructure and other priorities under the revenue cap proposal the Taxation and Budget Reform Commission will consider on Wednesday, March 26, according to the Washington, DC-based Center on Budget and Policy Priorities (CBPP).

The constitutional amendment, CP 45, imposes a rigid formula to limit state and local spending on even the most essential public services. It is based on a failed and suspended Colorado constitutional amendment, known as the Taxpayer Bill of Rights (TABOR).

"This proposal, if enacted, would only exacerbate the very real problems that Florida will face in maintaining the state as a good place to live and do business as the population ages," said Iris Lav, the Center's deputy director. "It didn't work in Colorado, and it won't work in Florida. The commission should reject it."

Florida would have faced a $3.7 billion, or nearly 10 percent, shortfall in the 2005-2006 budget year alone -- nearly the equivalent of Florida's entire corrections and public safety spending -- had the proposed cap been adopted in 2001-2002, the Center finds in its new analysis.

Colorado adopted the amendment in 1992. Chambers of Commerce across the state led a successful campaign to suspend it in 2005 because it caused significant damage to the state's education, higher education, roads, and other services that, in turn, caused the business climate to deteriorate. Under TABOR, funding for K-12 education dropped, as a percentage of personal income, from 35th to 49th in the nation. Higher education funding per resident student dropped more than 30 percent, after adjusting for inflation.

Florida already ranks near the bottom among the states on a number of public services important to residents and businesses and cannot afford further declines in health care, education and public safety services.

School aid and other state aid to Florida's local governments will very likely be among the first items that the state will cut. In addition, local governments would not be able to make up for any shortfall in state aid because the amendment will constrain their own revenue-raising abilities.

The Center's report, "The Tax Commission's TABOR: A Path to Deterioration in Florida," is available at:

http://www.cbpp.org/3-21-08sfp.htm.

The Center on Budget and Policy Priorities is a nonprofit, nonpartisan research organization and policy institute that conducts research and analysis on a range of government policies and programs.


'/>"/>
SOURCE Center on Budget and Policy Priorities
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Marlabs in the Top 10 BPO Healthcare Revenue Cycle Management Companies
2. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
3. Memry Corporation FY 2007 Revenues $51.7M; Net Income $317,000 or $0.01 Per Share
4. QMed, Inc. Comments on Estimated 3rd Quarter Results & Medical Expense Ratio; Sets 2008 Revenue Guidance for Medicare SNPs at $88-95 Million
5. Natural Alternatives International, Inc. Announces Late Filing of its Annual Report on Form 10-K, Revenue for Fiscal 2007 and Guidance on First Quarter of Fiscal 2008
6. Biotel Announces Record Revenues and Strong Earnings for the Fourth Quarter and Year Ended June 30, 2007
7. Precision Optics Corporation Announces Fourth Quarter and Year End Results With Highest Revenues in Six Years
8. Immucor Announces Record Fiscal First Quarter Revenues
9. CareTech Solutions Executive to Conduct Presentation on Creating a Healthy Revenue Cycle at AHIMA Convention and Exhibit
10. Sidney Kimmel Cancer Center to Boost Revenue Through Support From E-Fundraising Mall
11. Volcano Corporation Reports Preliminary Third Quarter 2007 Revenues
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... Conference and Scientific Sessions in Dallas that it will receive two significant new ... the grants came as PHA marked its 25th anniversary by recognizing patients, medical ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a ...
(Date:6/24/2016)... Rhinebeck, NY (PRWEB) , ... June 24, 2016 , ... Topical BioMedics, Inc, makers of ... of companies that call for a minimum wage raise to $12 an hour by 2020 ... wage. This will restore the lost value of the minimum wage, assure the wage floor ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine ... Making in Emergency Medicine conference in Ponte Vedra Beach, FL. The awards honor ... Emergency Medicine Practice and Pediatric Emergency Medicine Practice. , “With this ...
(Date:6/24/2016)... ... June 24, 2016 , ... Puradigm® & ... (TGIG), has initiated cultivation and processing operations at its production facility, and opened ... , Puradigm is the manufacturer of a complete system of proactive air and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 Dehaier Medical Systems ... "Company"), which develops, markets and sells medical devices and ... , signed a strategic cooperation agreement with Hongyuan Supply ... Supply Chain") on June 20, 2016, to develop Dehaier,s ... strategic cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s ...
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... "The World Market for Companion Diagnostic Tests" report to ... World Market for Companion Diagnostics The World ... diagnostic and personalized medicine diagnostics. Market analysis in the report ... Diagnostics Test Market (In Vitro Diagnostic Kits) by Region (N. ...
(Date:6/24/2016)... June 24, 2016   Pulmatrix, Inc ., (NASDAQ: ... innovative inhaled drugs, announced today that it was added ... reconstituted its comprehensive set of U.S. and global ... is an important milestone for Pulmatrix," said Chief Executive ... awareness of our progress in developing drugs for crucial ...
Breaking Medicine Technology: