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:6/26/2016)... ... June 26, 2016 , ... Many women ... diagnosed with endometriosis. These women need a treatment plan to not only alleviate ... that can help for preservation of fertility and ultimately achieving a pregnancy. The ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... ... ... Friday, June 10, Van Mitchell, Secretary of the Maryland Department of Health and Mental ... exemplary accomplishments in worksite health promotion. , The Wellness at Work Awards took place ... BWI Marriott in Linthicum Heights. iHire was one of 42 businesses to receive an ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... June 19, ... the dangers associated with chronic pain and the benefits of holistic treatments, Serenity ... who are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a ...
(Date:6/24/2016)... Francisco, CA (PRWEB) , ... June 24, 2016 ... ... CitiDent, is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive ... self-ligating Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 26, 2016 Story Highlights: ... models within the health care industry is causing providers ... , Deloitte offers a suite of solutions for ... impacting efficient cost optimization: labor resource analysis, revenue cycle ... facilitate better outcomes and better economics ...
(Date:6/24/2016)... 24, 2016 ... the addition of the " Global Markets for ... This report focuses on ... updated review, including its applications in various applications. The ... which includes three main industries: pharmaceutical and biotechnology, food ...
(Date:6/24/2016)... , June 24, 2016 Research and ... Market for Companion Diagnostic Tests" report to their offering. ... for Companion Diagnostics The World Market for ... personalized medicine diagnostics. Market analysis in the report includes the ... Market (In Vitro Diagnostic Kits) by Region (N. America, EU, ...
Breaking Medicine Technology: