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Transferring Utility Profits to a Municipality’s General Fund Increases the Risk of Undercapitalization of Water Assets and Violate Taxpayer Accountability

Local Government, Research, Taxes

Setting water utility rates that incorporate the recovery of the costs associated with standard operating expenses and debt obligations is essential to ensuring the short-term and longer-term financial stability of the utility. Once these costs are covered, many publicly owned utilities make transfers to the General Fund (a practice known as “sweeping”) ostensibly to help pay for governmental services that do not generate revenue (e.g., roadway maintenance, public safety, etc.) and to help keep property taxes lower. Keeping property taxes low often means higher municipal utility rates to balance the general budget, a habitual practice that burdens utility customers with cross-subsidies and normalizes underinvestment in infrastructure.

Florida TaxWatch: Florida Space Coast Economies Fueled by Revitalized Space Program, Private Investment

Press Releases

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released its latest economic commentary, The Economic Impact of a Rebounded and Revitalized Space Program on Florida’s Space Coast, examining the impact on local economies of the federal Space Shuttle Program’s discontinuation, and the subsequent revival of the space industry in Florida thanks to private investment.

Diverse investment options allow for sustainable South Florida growth

Press Releases

South Florida’s economy has seen considerable growth in recent years, thanks to a wide variety of investment options for foreign and domestic investors, according to a commentary from Florida TaxWatch, the independent, nonpartisan research group. A burgeoning innovation sector, increased foreign investment and a bolstered financial services market have augmented the region’s rapid growth.

Extending the Manufacturing Machinery & Equipment Sales Tax Exemption

Economic Development, Research, Taxes

Given the diverse economic benefits provided by manufacturing, it is in the state’s best interest to continue to foster growth in this sector, and Florida lags behind compared to other Southern states. But while most Southern states provide broad tax exemptions for manufacturing equipment, Florida’s most important exemption to encourage capital investment in manufacturing will sunset in April 2017. The analysis in this report demonstrates that extending the exemption could provide a significant economic benefit to the state, and its manufacturing industry.

Florida’s Space Coast is Well-Positioned to Dominate the Future of the Aerospace Industry

Economic Development, Manufacturing, Research, Technology, Workforce Development

For more than 60 years, Florida’s Space Coast—anchored by Kennedy Space Center (KSC) and Cape Canaveral Space Force Station (CCSFS)—has served as a premier gateway to space, driving tourism, high-tech jobs, and statewide economic output. After major federal program shifts in the 2010s led to significant regional job losses, Florida’s modern commercial-space resurgence—supported by Space Florida’s strategy to diversify the supply chain, modernize infrastructure, and attract private capital—has positioned the Space Coast to lead the next era of aerospace growth.

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