Sink leaning against Amendment 5
CFO Alex Sink told the Buzz Thursday that while she hasn't taken a formal position on the Constitutional Amendment 5, she's leaning against it.
If passed by 60 percent of voters, the so-called the "tax swap" amendment would eliminate most property taxes that now fund education and would plug that funding gap by directing the Legislature to consider things like increasing sales tax, eliminating sales tax exemptions and reducing spending.
"I'd like to hear the governor and legislative leaders tell the voters where the shortfall is coming from, and unless I hear that I'm not sure we ought to take a gamble," Sink said. "Education funding is very important for Floridians. Part of our economy has to be based on attracting and keeping good-paying jobs. And we can't do that without a well-educated work force."
Sink added that she's not a fan of required local effort, which is the name for taxes on property that fund education. She called it a "back-door way of the Legislature levying property taxes and leading people to believe it's their local governments levying property taxes." She would like to see more transparency and education about the required local effort funding.