The State of Application of the Fiscal Policies in Florida

The main objective in the study is the presentation of the fiscal policies in Florida, which is the chosen state in the research. The Legislative Committee on Intergovernmental Relations (LCIR) is an important source of the data pertinent to the study. It is an organization connected to the government that is mainly aimed for the development of the different intergovernmental policies that are applied in the state (Florida Legislative Committee on Intergovernmental Relations, 2007).

When it comes to the intergovernmental activities, there are important activities that are involved. One is the attention to the resolution of intergovernmental problems. Another is the focus on the institutional and intergovernmental relationships that includes the local regional, state, interstate, and federal agencies. The said relationships are aimed for the achievement of better organizational structure. Also included are operational efficiency and allocation of functional responsibility as well as the delivery of service (Florida LCIR, 2007).

1. Types of Grants The grants in the state of Florida can be considered as an important indication in the study of the fiscal policy application in the state. The grants cover a multitude of different aspects related to the economy. The said grants are mandated by the law and indicate the level of government agencies that is covered. The grants can then be classified on the basis of the level and type of local government that is impacted. There are grants that cover counties and municipalities and others are limited to particularly chosen locality.

Another way of defining and classifying the types of grants is through the relevance of the subject of the grant. These subjects define the coverage of the grants. Examples may include grants related to eminent domain, property assessment, the different types of taxes, taxes benefits, housing, food sources, drug industries, energy sources, healthcare and other industries (Florida LCIR, 2007). Grants can then be considered as a concept of support that covers the different types of industries and manufacturing arenas that have an active participation in the economy.

Also, aside from such producers, activities that involve any sectors in the community can also be included as exemplified by the fiscal allotment in waste management, which of vital role in the community (Florida LCIR, 2007). These are only a few examples of the different types of grants that can be covered in the fiscal interrelationship process. 2. Uses of the Funds The uses of funds can ultimately lead to the segregated sectors in the locality based on the definition of the different programs and grants definition.

Basically the definition of the uses of funds can be attributed to the grant subjects that had been defined. One example is in relation to a grant in taxation. The bill number 1590, chapter law 2006-52 was defined as the tax on sales, use and other transactions which is targeted for implementation in counties and municipalities. The said grant is mandated to give authorization to the groups that collects state sales tax. Incorporated in the said grant is the deduction of the said group or entity of the expenses that are needed to be able to achieve the objectives of the activity.

Also, it was defined that the remaining funds be deposited in the Educational Enhancement Trust Fund, with the initial application on January 1, 2007 (Florida LCIR, 2007). Basically the purpose of the grants is to be able to define the movement of funds in the government institutions. As well as define the target utilization of the funds. In terms of taxation, if the law defines the taxation funds to target infrastructure needs and projects, as what was site in the 80’s, that is the use of funds which can be defined by the fiscal interrelationship between different states and nations. B. The Fiscal Interrelationship of Florida

The fiscal intergovernmental relationships of Florida can then be defined as the activities that are related to the economic and political aspects of the government on the basis of the interaction with other states. In addition, the interactions between the counties and municipalities that comprise the said state are also included. Due to the fact that Florida is one of the states in US, its contribution to the nation’s economy is also important. Conclusion Based on the study conducted, the fiscal intergovernmental relationship covers the different trends and activities in a country’s political and economic sectors.

The coverage extends through the vertical political structure, from counties and municipalities to nations and states. Also, it covers the different industries and factors that define the economy of the country, from manufacturers to the employment trend. The trends and application of the fiscal policy then is continuously becoming influential due to the fact that its application and utilization answers the need for policy governance in the increasingly complicated and compounded domestic and international economy. References

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