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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.

Florida TaxWatch Releases 2022 Economic Preview: Settling into a New Normal

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TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released 2022 Economic Preview: Settling into a New Normal, the taxpayer research institute’s latest economic commentary. It cautions that, while several estimates seem to signal robust economic growth in the year ahead, Floridians must be prepared to adapt to nuances in the labor market’s recovery, such as rising inflation rates resulting from supply chain issues and other workforce-related complications.

Tony Carvajal Joins Florida TaxWatch as Executive Vice President

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Today, Florida TaxWatch (FTW) announced the appointment of Tony Carvajal as Executive Vice President. Mr. Carvajal succeeds Robert Weissert who is moving to Washington, D.C. to pursue the next chapter of his career after 14 great years with the taxpayer research institute. Along with Mr. Carvajal, TaxWatch also welcomes Carolyn Gosselin as Chief Growth and Strategy Officer, Tanya Bechtold as Director of Investor Relations, and Kat Dunn as Digital Content Manager. Florida TaxWatch is also announcing the promotions of Kurt Wenner and Bob Nave to Senior Vice Presidents of Research and Chris Barry to Vice President of Communications.

Borrower Defense Rule Delayed

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New federal rules to expand federal student loan forgiveness for certain borrowers have been suspended by the U.S. Department of Education, pending further review.

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