Florida TaxWatch Forecasts Florida’s Economy Through 2028
Press ReleasesTallahassee, Fla. – Today, Florida TaxWatch released Florida Economic Forecast (2023-2028). In this report – the first in a new quarterly series – the taxpayer […]
Florida TaxWatch Announces Thurs., April 18 is Florida Taxpayer Independence Day 2024
Press ReleasesTallahassee, Fla. – Florida TaxWatch is announcing that tomorrow, Thurs., April 18 is Florida Taxpayer Independence Day 2024. This symbolic occasion assumes that every dollar
BudgetWatch: New General Revenue Estimates Add $7 Billion for the Next Budget
Budget/AppropsIn what has been a regular occurrence, the Florida General Revenue (GR) Estimating Conference significantly increased the estimate of the amount of GR that will be collected. This is the sixth conference in a row that has produced a rosier revenue forecast. The last reduced estimate came at the August 2020 conference, just as the coronavirus pandemic began its relatively short-lived slowdown of Florida’s revenue collections.
BudgetWatch: New General Revenue Estimates Add $7 Billion for the Next Budget
Budget/Approps, ResearchIn what has been a regular occurrence, the Florida General Revenue (GR) Estimating Conference significantly increased the estimate of the amount of GR that will be collected. This is the sixth conference in a row that has produced a rosier revenue forecast. The last reduced estimate came at the August 2020 conference, just as the coronavirus pandemic began its relatively short-lived slowdown of Florida’s revenue collections.
FY2021-22 Revenue Collections Beat Estimate by $3.8 Billion
Budget/Approps, ResearchThe Revenue Estimating Conference (REC) met on August 16, 2022, to develop the state’s new forecast for general revenue (GR) collections. After the close of FY2021-22, which wildly exceed revenue expectations, the REC increased the estimates for FY2022-23 and 2023-24 by a total of $5.3 billion.
Florida TaxWatch Releases Overview of 2020 Census Undercount, Highlights Significant Impact on Florida’s Businesses and Taxpayers
ReleasesTALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released Looking Back at Census 2020: What Florida’s Business and Community Leaders Need to Know.
Looking Back at Census 2020: What Florida’s Business and Community Leaders Need to Know
Census, Economic Development, Research, TaxesAn undercount is nothing new to Florida, but its current persistence inflicts costs more formidable than in previous years. Throughout the decade, Floridians can expect to lose between $11 billion and $21 billion. The decennial Census count and American Community Survey (ACS) help communities understand local patterns of population growth, specialized workers, income, employment statuses, and transportation needs.
Florida TaxWatch Releases Report Assessing Implications of Disrupted 2020 Census The taxpayer research institute also introduces a new Census Institute with a mission to improve critical planning dat
ReleasesTallahassee, Fla. – Today, Florida TaxWatch (FTW) is releasing an economic commentary entitled The Economic and Fiscal Significance of the U.S. Census and American Community Survey (ACS). The report underscores the COVID-19 pandemic’s impact on 2020 Census data collection efforts, including disruptions to the ACS, and highlights how this impacts federal funding and critical decision-making among policymakers and business leaders alike.
Did Florida Undercount in the 2020 Census, Potentially Missing Out on Federal Dollars?
BlogThe 2020 Census is finally over, capping off a historic effort to accurately count every person in the United States during a pandemic. A few interesting stories emerge from the latest enumeration of the nation, such as the growing population shift to the South and New York losing a congressional House seat by only 89 people. Although Florida was one of the so-called “winners” in the current census because it secured an additional seat in Congress, the result was not as spectacular as expected.
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
ReleasesThe 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.
