State looks at tax revenue from destination resorts

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Preliminary estimates from the state’s economists Friday show that allowing three destination resorts would have an immediate impact of up to $155 million in additional tax revenue in the 2012-13 fiscal year, and could bring in up to $319 million in tax revenue over the next three years, reports the News Service of Florida. Even this high-end estimate from the state falls far short of what some casino operators are estimating the tax windfall could be if the Legislature approves a bill (SB 710, HB

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.