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

Blog

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.

Tony Carvajal Joins Florida TaxWatch as Executive Vice President

Releases

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.

Point of View: 40 years of being the Florida taxpayers’ eyes and ears

Op-Eds

In today’s world of immediate access to information and ten-minute news cycles driven by social media, it is easy to forget that when it comes to government policies, we are all playing the long game. Florida’s low-tax, business-friendly climate and taxpayer-friendly policies have allowed our state to become one of the most desirable places in the world to call home. But it was not always this way. On the way to becoming the Sunshine State we all know and love, there were more and higher taxes, a more volatile constitutional amendment process and less-informed elected leaders.

Borrower Defense Rule Delayed

Blog

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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