Tax Policy News Roundup
Find out what's happening around the nation and stay ahead of the curve in your own community. Here are some interesting tax and budget related news articles pulled from papers across the country.
- In Florida, voters decide to cut property taxes by way of constitutional amendment. Opponents of the amendment, projected to cut over $9 billion during the next 5 years, are concerned about funding for vital public services such as firefighting and education. Click HERE for the article from the Miami Herald.
- Georgia's governor, Sonny Perdue, supports a tax break on premiums paid for high deductible health insurance plans. The tax break is intended to help more Georgian's afford health insurance, but opponents say the market-based solution will not help most low to middle income families access health insurance. Click HERE for the article from the Atlanta Journal-Constitution.
- Ohio faces major budget shortfall with blame attributed to higher Medicaid costs and lower than expected corporate franchise tax revenue . Click HERE for the article from Cleveland's The Plain Dealer.
- County commissioners in Orange County, North Carolina are considering a 0.4 percent land transfer tax or a quarter-cent sales tax increase to generate additional revenue for education. Land transfer tax measures have failed in 16 other counties in North Carolina, and face strong opposition from Realtors and home builders. The land transfer tax is expected to generate $4 million annually as opposed to $3 million from the sales tax increase. Click HERE for the article from the Raleigh News and Observer.