State & Local Government Policy, Business and Technology

Fraud detection tech brings $34M to Florida counties

StateScoop: Two counties in Florida have recovered nearly $34 million in unpaid tax revenue over the last decade through data analysis, creating a new revenue model that has helped them fund public services.

The windfalls enjoyed by Brevard County, along the Atlantic coast, and Duval County, which is home to Jacksonville, were made possible with software from the business-research company LexisNexis Risk Solutions and the auditing firm Tax Management Associates. The technology uses data analysis to comb through public records that were previously inaccessible or too large for human investigators to actually verify. In 2018 alone, the two counties uncovered nearly 1,000 fraudulent claims filed just in 2018, resulting in more than $5 million in new revenue.

Read article