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Florida grapples with projected $2.75 billion deficit for 2021-22 fiscal year

| 3/1/2021
At the end of January, Gov. Ron DeSantis proposed a $96.6-billion budget $4.3 billion over the current year. In making his request, DeSantis cited higher-than-expected revenue for December and January and optimism that Florida’s economy is gaining momentum. But lawmakers, who’ll consider DeSantis’ priorities as they craft the budget, are warning of deep cuts as they grapple with a projected $2.75-billion deficit in general revenue for 2021-22 fiscal year.
Online Sales Tax Potential Revenue: $480 million-$1 billion
The Florida Retail Federation and its allies have tried for years to pass legislation that would require online vendors without brick-and-mortar stores in Florida to collect and remit sales tax to the state. Some Republicans have balked at the idea in the past, for fear they could be seen as increasing taxes, but a $2.75-billion budget gap may make the idea more palatable. The state’s Revenue Estimating Conference says collecting those ....

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The Agenda: Local government briefs for 2.8.21 - Richmond BizSense

The Agenda: Local government briefs for 2.8.21
February 8, 2021
A frontal view of Eagle Construction of VA’s proposed townhomes, described in plans as “classical in aesthetic.” (
Courtesy of Eagle Construction of VA)
Libbie Avenue townhomes, housing zoning changes on council agenda
The Richmond City Council meets Monday starting with a 2 p.m. work session on the Richmond 300 master plan. Councilmembers previously submitted requests for amendments to the plan, which was adopted in December.
Business on the 6 p.m. regular meeting agenda includes a vote on Eagle Construction of VA’s plan to replace two houses at 509 and 511 Libbie Ave. with a 14-unit townhome development. The Planning Commission endorsed the project with one member dissenting. ....

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Richmond opens applications for 2021 Tax Amnesty Program

Richmond opens applications for 2021 Tax Amnesty Program
Richmond City Hall. (Source: Google Earth)
By NBC12 Newsroom | February 1, 2021 at 4:16 PM EST - Updated February 1 at 4:16 PM
RICHMOND, Va. (WWBT) - Richmond has opened applications for the 2021 Tax Amnesty Program.
The program allows the city to “existing penalties and interest on delinquent real estate taxes during the month of March and admissions, lodging and meals taxes during the month of April.”
“If you owe penalties or interest on any delinquent taxes, this program is designed to help you,” said Richmond Mayor Levar Stoney. “During such a challenging period for Richmond residents, we want to maximize accessibility to and participation in this program. It’s yet another way the city strives to offer compassionate care.” ....

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BIR exceeds 2020 tax collection goal

BIR exceeds 2020 tax collection goal
By TED CORDERO, GMA News
Published January 26, 2021 2:00pm
The Bureau of Internal Revenue (BIR) has exceeded its tax collection target for 2020 despite the challenges brought by the COVID-19 pandemic.
In a statement, BIR Commissioner Caesar Dulay said the taxman collected a total of P1.94 trillion last year, surpassing its goal of P1.69 trillion by P255.19 billion.
The BIR exceeded its target by 15.14% in January to December 2020 the highest percentage ever recorded in the bureau’s history for the past two decades.
“It’s the first time that BIR went above its goal by 15%. The last time the BIR hit its goal was in 2001 and 2003, that was 17 years ago,” Dulay said. ....

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News to Know for Jan. 26: Vaccine rations; Tax amnesty in Richmond approved; Rainy, chilly day

News to Know for Jan. 26: Vaccine rations; Tax amnesty in Richmond approved; Rainy, chilly day
RHHD expect a total of 6,400 COVID-19 vaccine doses each week for the next six to eight weeks. (Source: WTOC)
By Adrianna Hargrove | January 26, 2021 at 7:01 AM EST - Updated January 26 at 7:01 AM
RICHMOND, Va. (WWBT) - Take a look at our top headlines before you head out the door.
Rainy, Cloudy & Chilly
Early morning rain tapers off after the morning rush, then clouds hang tough for most of the day. Watching for a chance of light snow Wednesday night and Thursday morning.
Today, the rain ends from 7 a.m. - 9 a.m., then cloudy and chilly. Some late day clearing is possible, especially WEST of RVA Lows mid 30s , highs in mid 40s. ....

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