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Property Tax vs Sales Tax

April 14th, 2009 by Mike Vasilinda

Voters may soon have the chance to swap higher property taxes for up to a penny increase in the sales tax.

A proposal approved by a House Committee in Tallahassee today would allow voters to fund local fire and rescue services with a penny hike in the sales tax. Ron Beesley of the Palm Beach Fire Department says it is a win win for voters and says the key is letting them know how the money will be spent.

Its revenue neutral,” Beasley said. “It is not additional revenue for your fire department. It is a funding stabilization source. You also have to make sure they understand that 100 percent of it stays in your county. It actually stays in the county for which services are provided in that county.

Posted in Economy, Legislature, State Budget, State News, Taxes | 1 Comment »

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