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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 Colleen Burton, Chair, and Members of the House Health and Human Services Committee Regarding HB 17: Telehealth Practice Standards

Releases

The COVID-19 pandemic has highlighted the opportunity- and the need- to make telehealth as accessible as practicable. Telehealth helps reach audiences that may otherwise be unable to access care and provides the opportunity to improve patient care, treatment, education, and services, and ultimately bend the cost curve.

Florida TaxWatch Releases 2021 How Florida Compares: Taxes

Releases

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released 2021 How Florida Compares: Taxes, which includes an analysis of Florida’s state and local tax rates, tax collections, and other government revenues and compares the data to the 49 other states and the national average. The report is part of the taxpayer research institute’s larger How Florida Compares series, providing neutral, nonpartisan information intended to help Floridians better understand their state. 

2022 Legislature Should Reauthorize the Qualified Target Industry (QTI) Tax Refund Program

Economic Development, Research, Taxes

There has been an ideological debate regarding economic development incentives brewing in the Legislature for several years. The Qualified Target Industry (QTI) Tax Refund Program is a performance-based program that refunds some of the taxes a business has already paid, but only after it is verified that the contracted requirements have been met, including the promised increase in high-wage jobs.

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

Releases

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.

Comments to the Honorable Manny Diaz, Jr., Chair, and Members of the Senate Committee on Health Policy Regarding SB 700 – Telehealth

Releases

Since 2014, Florida TaxWatch has researched and supported the expansion of telehealth (see Critical Connections to Care and Telehealth in Florida: Where We Are and What is Next) and our work has consistently found that telemedicine provides a way for Florida to increase self-sufficiency, contain costs, and improve health care access and outcomes. 

Comments to the Honorable Manny Diaz, Jr., Chair, and Members of the Senate Committee on Health Policy Regarding SB 700 – Telehealth

Releases

My name is Dominic M. Calabro, and I am President and CEO of Florida TaxWatch, an independent, nonpartisan, nonprofit, taxpayer research institute and government watchdog which, for over 40 years, has worked hard to improve the effectiveness, efficiency, and accountability of Florida government and promote a fair and equitable system of taxation.

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