Tax-swap ballot challenge in court today

A hearing is scheduled in Leon County circuit court today on a business group’s suit to knock the “tax swap” constitutional amendment off of the November ballot.

Plaintiffs in the case claim that the ballot language for Amendment 5 is ambiguous, not telling voters its full effect. The amendment would abolish the “local required effort” portion of county property taxes for school support, requiring future Legislatures to come up with between $9 billion and $11 billion in replacement revenues. Judge John Cooper will hear the case.

Attorney Barry Richard, representing a coalition of nearly 30 business groups, said in a legal memo that the ballot language refers to a limit on annual assessments of real estate. But he said that is “at best, ambiguous” and would mislead voters about the far-reaching impact of the amendment.

Assistant attorney general Lou Hubener and two outside attorneys will argue in defense of the proposal, which was put on the ballot by the Tax and Budget Reform Commission.

Regulators grill State Farm officials over 47 percent hike request

State regulators Tuesday aggressively grilled State Farm officials asking them to justify their request for a 47 percent increase to homeowners insurance rates.

Four Office of Insurance Regulation officials squared off in a Capitol hearing room at tables a dozen feet from four State Farm executives — put under oath to tell the truth — and argued about reasonable profits, discounts for protecting against wind damage, expected hurricane losses, state law and complex computer models.
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Crist in Brevard in countdown to commercial launch capability

COCOA — The first commercial launch from Space Launch Complex 36 at Cape Canaveral Air Force Station could come as early as 2010 or 2011, said Space Florida President and CEO Steve Kohler.    “We have customers we are talking to,” said Kohler.    Gov. Charlie Crist and Lt. Gov. Jeff Kottkamp joined Kohler today to formally announce the lease of SLC 36 from the Air Force at a press conference in the Astronaut Memorial Planetarium at the Brevard Community College Cocoa campus.

Crist said the agreement would help Brevard County’s economy during the expected economic slump due to the end of the shuttle program in 2010.
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