Anti-tax swap money flowing
Contributions have begun to roll into the political committee formed to defeat the Amendment 5 "tax swap." Reports posted at protectfloridasfuture.org show the Florida Institute of Certified Public Accountants contributed $5,000 earlier this month and another $10,000 came in from Jacksonville Greyhound Racing Inc.
Sen. Mike Haridopolos, R-Melbourne, helped build the coalition against the ballot initiative. He'll need a lot more money, of course, but some of the biggest pop could come later this summer when the Florida Association of Broadcasters will ask its members to provide air time for commercials. The first are expected by the first week of August.
Amendment 5, which appears on the November ballot, calls for replacing most school property taxes with a higher sales tax, repealing some sales tax exemptions and possibly taxing services.
Haridopolos says there is no way to make up the billions lost in property taxes. Proponents, though, contend special interest groups are trying to preserve unfair tax exemptions or avoid a services tax. Former Sen. John McKay's Vote Yes on 5 committee's first report is due July. 25