Target Catastrophe Fund, Citizens to Ease Biz Burden

Published January 24, 2011

Given Florida’s tight fiscal situation, it may be politically difficult for the Legislature to approve the broad tax cuts that Gov. Scott wants (“Senate prez dashes guv’s hopes for biz tax cuts,” Jan 12).

But legislators wanting to relieve the burden that government places on businesses shouldn’t give up hope. The Hurricane Catastrophe Fund and Citizens Property Insurance Corp. impose multibillion-dollar liabilities on the state, and limiting their reach could, following a major storm, save billions for businesses and individuals alike. If the Legislature can’t make broad-based tax cuts, reductions in Citizens and the catsrophe fund are the next best thing it could do.