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Florida's 14-day Tax 'Holiday' Returns as Hurricane Season Approaches, Auckland Fuel Tax Under Review

2024-06-30 21:52:18.913000

Gasoline prices in Florida have experienced a recent decrease, with the statewide average for regular unleaded at $3.51 per gallon. In Palm Beach County, the average price is $3.72 per gallon. This drop in gas prices provides some relief for consumers in Florida [de0de728].

Governor DeSantis has signed two new laws in Florida. The Law Enforcement and Correctional Officers bill creates Civilian Oversight Boards for law enforcement in local communities, while the Impeding, Threatening, or Harassing First Responders bill prohibits the harassment of first responders. Additionally, sheriffs in Florida will receive $5,000 pay raises. These new laws aim to enhance accountability and support for law enforcement and first responders in the state [de0de728].

Citizens Property Insurance, the state-run insurer in Florida, has made significant progress in addressing the property insurance crisis. They have depopulated over 390,000 policies, indicating that they are coming through to the other side of the crisis. This progress is a positive development for homeowners in Florida who have been grappling with rising property insurance rates and limited coverage options [de0de728].

Florida Atlantic University has announced plans to build a Holocaust museum on its Boca Raton campus. The museum will be made possible by a significant donation from Craig and Barbara Weiner. This new museum will serve as an important educational and commemorative resource, preserving the memory of the Holocaust and honoring its victims [de0de728].

Florida's 14-day tax 'holiday' will run from June 1 to June 14, timed with the start of the six-month hurricane season. The tax holiday is part of a wide-ranging tax package (HB 7073) that lawmakers passed in March and Gov. Ron DeSantis signed on May 7. The private meteorology company AccuWeather has projected a 'turbulent' hurricane season, with the number of storms potentially exceeding the 21 names the World Meteorological Organization assigns annually for Atlantic hurricanes. State economists have projected the savings to shoppers during the two periods at $80.2 million, cutting state revenue by $63.3 million and local government revenue by $16.9 million [c1be46f9].

The Auckland fuel tax has been suspended and is currently being reviewed by the Automobile Association (AA). The fuel tax, which was implemented in 2018, has been set at 11.5 cents per liter for the past 10 years. Since September of last year, the tax has generated approximately $780 million in revenue. The AA is investigating whether petrol stations have adjusted their prices accordingly. The review was prompted by a report from the business commission that suggested petrol prices did not drop as expected when the fuel tax was initially implemented [1d1af8a4].

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