Rick Scott Doubles Down on $500 Million Tax Cut

On Monday, Gov. Rick Scott doubled down on his call for a $500 million cut in taxes and fees.

On Friday, the Revenue Estimating Conference estimated the state would pull in an additional $95.7 million in new revenue in fiscal year 2013-2014 due to the strong economy. The conference estimated the state will garner $225.7 million in new revnue in fiscal year 2014-2015.

Scott said this news made it more imperative to reduce taxes and fees.

Floridas improved economic forecast means we are in an even better position to give $500 million in taxes and fees back to Florida families, Scott said. After all, its their money. Our Its Your Money $500 million tax and fee cut will be a central part of the budget we roll out in January.

The improved economic forecast also means we will once again invest in critical areas like education, health care, and transportation infrastructure," Scott addded. Additionally, we are confident that we will be able to hold the line on tuition for another year, as we encourage colleges and universities to graduate students in high-demand job areas by again investing in targeted performance funding. Performance funding for higher education means we will reward those schools who graduate students with degrees that help them start a career.