Recent TaxWatch Reports

The 2025 Florida TaxWatch Annual Report captures a milestone year: the culmination of Dominic M. Calabro’s decades of leadership and the announced transition to Lt. Governor Jeff Kottkamp as incoming President & CEO on January 1, 2026.

Since January 2025, the federal interest rate has remained unchanged at 4.25 to 4.5 percent. The rates have been steady in hopes of curbing inflation and bringing it down to two percent, as unemployment numbers were not concerning until now. The latest revision data, however, will likely push the Federal Reserve to cut rates in their next meeting this month to 4.00 to 4.25 percent.

New EDR projections show a widening state funding gap—more than $50 million in FY 2025-26—with total demand still trending upward through 2045.

With the Trust Fund projected to face a nearly $1.7 billion shortfall by FY 2029-30 without action, Florida TaxWatch outlines a pragmatic path that reduces costs by treating pain more effectively—not just shifting them to employees.