Q4 2019-20 Broward Schools SMART Program Report Review
BOC, Broward BOC, ResearchPresented to the Broward County Bond Oversight Committee October 5, 2020
Presented to the Broward County Bond Oversight Committee October 5, 2020
Distributed to the Bond Oversight Committee on August 30, 2019, this report examines the SMART program quarterly report for Q4 of FY2019.
Tallahassee, Fla – Today, Florida TaxWatch released its 2024 UPDATE: Are Floridians Ready to Go Back to School? Not Without More Teachers, an analysis of
One only needs to look at the experience of other states that have reduced or eliminated their tourism marketing efforts to understand what will happen if VISIT FLORIDA is eliminated. States like Colorado and Washington that have drastically cut or eliminated their investment in travel promotion have experienced immediate and long-term negative economic impacts. Destinations that fail to invest consistently in travel promotion will see visitors, jobs, and tax revenues go elsewhere. Should Florida choose to follow suit, tourism and the economic activity and taxes it generates will certainly decline.
Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released Economic Commentary: State COVID-19 Restrictions & the Road Back to Economic Normal, which offers a cursory overview of the relationship between states’ COVID-19 restrictions and their respective economic recoveries. Using data obtained by CNN and Moody’s Analytics, as well as WalletHub, the analysis indicates that states implementing more stringent COVID-19 guidelines, such as face mask requirements and bans on large gatherings, have had slower economic recoveries compared to those that lifted restrictions sooner, a measure determined by the national index score, state-level employment, unemployment insurance claims, seated restaurants open, and more.
Telemedicine increases access to quality care and can be used as an innovative tool to reduce costly medical interventions such as emergency room utilization and length of hospital stay.
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 to improve the effectiveness, efficiency, and accountability of Florida government and promote a fair and equitable system of taxation.
Application surges during the COVID-19 pandemic have exposed the shortcomings of the current state-administered, federal safety net programs, especially the Reemployment Assistance (Unemployment Insurance) program. This report explores Florida’s opportunity to implement more efficient and cost-effective business processes, thus reducing the size of government, saving the taxpayers money, and improving service delivery to Floridians in need.
After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate.
As Florida continues its battle with the COVID-19 pandemic, the state has released General Revenue (GR) collections data for June (the last month of the FY19-20 fiscal year).1 Collections came in $427.8 million (13.4 percent) below estimate, following losses of $878.1 million (29.4 percent) in April and $779.6 million (26.4) percent in May. Because collections were running a bit above estimate before the pandemic hit, the $2.1 billion loss in the last quarter puts Florida down $1.9 billion (5.7 percent) for the year.
