Friday, April 14, 2006

Which would you prefer?

Our Florida Legislature learned this week that they have a windfall of $960-million this year which is in addition to the $5.6 billion surplus previously reported in the news earlier. Taking into consideration that this is our money, how would you like to see this windfall of $960-million spent by our Legislature? Would you like more tax cuts? Or possibly help with skyrocketing homeowners insurance premiums? Maybe pay down part of Florida's $17.5 billion in tax-supported debt? Or neatly tuck away this windfall in reserve for more lean times? My first choice is for a tax cut. If the Legislature decides on tax cut, please find some other way to return our money besides a sales tax holiday. Why should we have to spent more money to see a refund of this tax windfall. Yes, I know, supply- side economics requires the spending of money to continue to generate this good economy so the sales tax holiday is technically a good idea. But why should we have to spend more of our hard earned money just to receive a few tax dollars back from the legislature? My second choice would be to pump the money into the failing Citizens Insurance fund to ease the pain to homeowners who are struggling with massive increases in premiums, do, in part, by the bail out (of Citizen's). I'm sure every property owner in this state would be delighted to have a portion of this Citizen's bailout be removed from their homeowner's insurance premium. Hopefully our Legislature will think hard before acting on this windfall so it will benefit the majority of us in this state and not just look like an approach to pander to the public during an election year.

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