1. 1 Florida TaxWatch Budget Watch Spending & Property Taxes in 2014

2. 2 What is Florida TaxWatch? An independent, nonpartisan, nonprofit taxpayer research institute and government watchdog

3. 3 TaxWatch Mission To provide the citizens of Florida and public officials with high quality, independent research and analysis of issues related to state and local government taxation, expenditures, policies, and programs.

4. 4 SESSION 2014 GOVERNOR SCOTT’S BUDGET $74.20 Billion Highest Education budget ever proposed Increases RLE Only new debt in a transportation project Incorporates billions in cost-savings

5. 5 SESSION 2014 STATE TAX RELIEF $574 million proposed tax cut Vehicle registration fees Business tax relief Tax-free holidays Other options Communications Services Tax

6. 6 PROJECTED GROWTH Ad Valorem Estimating Conference December 2013 +1.32% in taxable value 1 mil is projected to be valued at $1,428,510,000

7. 7 WHAT TO WATCH IN 2014 Tax Exemption Legislation SB 626 – Charitable Organizations SB 624 – Fair Associations SB 842 – Mobile Homes SB 704 – Municipality Owned Property SB 922 – Renewable Energy Commercial Property SB 916 – End Users of Renewable Energy

8. 8 WHAT TO WATCH IN 2014 Other Legislation SB 736 – Re-inventing Our Schools Act SB 568 – Value Adjustment Boards - Magistrates SB 806 – Value Adjustment Boards – Petitions SB 816 – Collective Bargaining

9. 9 PROPERTY TAX REFORM: A LONG WAY TO GO

10. 10 PROPERTY TAX REFORM Save Our Homes Assessment Caps Save Our Taxpayers

11. 11 JUST VALUE VS. TAXABLE VALUE (‘06 -‘18) Just Value Taxable Value

12. 12 Thank you Morgan McCord Communications Coordinator mmccord@floridataxwatch.org 850.222.5052