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Fiscal Year 2023: Florida’s Continuing Success in Debt Reduction

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The 2023 Debt Report for Florida highlights the state’s strong financial standing, with a debt ratio below the 6% legislative target for the tenth consecutive year. Florida’s debt and debt service have decreased, while General Revenue collections increased by $3.3 billion. Rating agencies affirmed AAA ratings and a stable financial outlook. The report details Florida’s debt management strategies, including limiting debt accumulation and maintaining high reserves, contributing to a strong debt capacity and reduced future costs. Local government debt, however, remains comparatively high. The state’s prudent financial practices are underscored, benefiting taxpayers and indicating a healthy fiscal future.

Comments to the Honorable Ana Maria Rodriguez, Chair, and Members of the Senate Committee on Finance and Tax Regarding SB 982 – Tax Refund Program for Qualified Target Industry Businesses

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The Qualified Target Industry Tax Refund Program is a performance-based incentive program, that incentivizes the creation of high-quality, high-wage jobs – the higher the wage, the larger the refund – in sought-after targeted industries and offers a bonus for new jobs in rural areas of the state, incentivizing businesses to locate in economically disadvantaged counties.

Florida TaxWatch Announces 2019-20 Principal Leadership Awards Winners

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TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW), joined by Florida State Senator Bill Montford (D-Tallahassee) and education leaders, announced the 2019-20 Principal Leadership Award (PLA) winners and recognized nine of Florida’s most effective leaders in high-risk K-12 public schools. This year’s winning principals, three each from elementary, middle and high schools, are from Broward, Collier, Duval, Lafayette, Miami-Dade, Palm Beach, and Orange counties. Florida TaxWatch established the PLA program in 2014 to recognize and reward the work of principals and promote their unique practices throughout the state.

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