Fresh off efforts to close the current fiscal years deficit hole, Florida lawmakers are facing the prospect of slashing billions (or raising billions) to fill the growing hole in next year’s budget. And, it appears, they are finally exploring options other than raiding the state’s trust funds. From the St. Pete Times:
House Finance and Tax Committee chairman Dean Cannon of Winter Park has assigned his 12 committee members a homework assignment: review the 239 sales-tax exemptions (worth about $12.3b) and figure out the reasons, benefits and drawbacks of each of them.
Each member has been assigned to review and probe two groups of 10 exemptions. They’ll come back with their reports Feb. 8.