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:6/25/2016)... ... June 25, 2016 , ... Experts from the American ... Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. ... including advance care planning, healthcare costs and patient and family engagement. , AIR ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , ... Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. , ... our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of ... of the latter, setting the bar too high can result in disappointment, perhaps even ... progress toward their goal. , Research from PsychTests.com reveals that behind ...
(Date:6/24/2016)... ... 2016 , ... Marcy was in a crisis. Her son James, eight, was out of control. ... and physically. , “When something upset him, he couldn’t control his emotions,” remembers Marcy. ... rocks at my other children and say he was going to kill them. If ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Comfort Keepers® of ... Cancer Society and the Road To Recovery® program to drive cancer patients to and ... other adults to ensure the highest quality of life and ongoing independence. Getting ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... INDIANAPOLIS , June 23, 2016 If ... Leaders Scholarship is any indication, the future is in ... at www.diabetesscholars.org by the Diabetes Scholars Foundation ... the way of academic and community service excellence. ... since 2012, and continues to advocate for people with ...
(Date:6/23/2016)... , June 23, 2016 ... Oticon , industry leaders in advanced ... launch of Oticon Opn ™, the world,s first ... of possibilities for IoT devices.      (Photo: ... Oticon introduces a number of ,world firsts,: ...
(Date:6/23/2016)... , June 23, 2016 The vast majority ... outpatient dialysis facility.  Treatments are usually 3 times a ... per visit, including travel time, equipment preparation and wait ... but especially grueling for patients who are elderly and ... skilled nursing and rehabilitation centers for some duration of ...
Breaking Medicine Technology: