HomeMy Public PortalAboutRES 05/05RESOLUTION 005-05
A RESOLUTION OF THE TOWN OF GULF STREAM, PALM BEACH
COUNTY, FLORIDA, SUPPORTING AMENDMENTS TO THE FLORIDA
CONSTITUTION REQUIRING THE PERIODIC REVIEW AND APPROVAL
OF ALL SALES TAX EXEMPTIONS AND EXCLUSIONS IN THE STATE OF
FLORIDA.
WHEREAS, Florida's tax structure is very dependent on sales tax revenues, which
amount to approximately $18.3 billion annually; and
WHEREAS, Florida now exempts more revenue than it collects, providing sales tax
exemptions for over 400 products and services, amounting to an annual loss of $22.7
billion in tax revenue, and these exemptions are poorly categorized with broad
disparities; and
WHEREAS, Florida's municipalities rely on sales tax revenues to provide for the
health, safety and welfare of it's citizens, and the proportionate share in this revenue
source for each municipality is a stable reliable resource; and
WHEREAS, the inequities in Florida's sales tax cause the state and municipalities
to be more dependent on other revenue sources, such as the property tax; and
WHEREAS, a group called Floridians Against Inequities and Rates (FAIR) is
pursuing three constitutional amendments to the 2006 ballot that, if approved, would
sunset all current sales tax exemptions in July, 2008, unless the Legislature votes to
renew the exemption; and
WHEREAS, the constitutional amendment would protect sales tax exemptions
for food, prescription drugs, health services, residential rent, electricity and heating
fuel, for the greatest of public interest.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF GULF STREAM,
FLORIDA:
SECTION 1. That the Town of Gulf Stream supports the FAIR amendment and
urges it's citizens to sign petitions supporting its placement on the November ballot.
SECTION 2. That the Town of Gulf Stream urges voters to support this initiative
on the November 2006 ballot.
PASSED AND ADOPTED in a regular, adjourned session on this 13th day of May
2005.
AYOR
ATTEST:
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