An Independent Assessment of the Economic Impacts of Indian River State College

/ Categories: Research, Economic Development

The Florida TaxWatch report reveals the substantial economic and educational contributions of Indian River State College (IRSC) to Florida's Treasure Coast and the broader state economy. IRSC, recognized for its affordability and high-quality programs, plays a pivotal role in workforce development through its extensive certificate and degree offerings. The report emphasizes the college's efforts in minimizing student debt and enhancing job readiness through strategic partnerships with businesses and local schools. Economically, IRSC creates over 15,000 jobs annually and generates a significant economic output, with every dollar spent translating into a substantial return for the Florida economy. This analysis serves as a crucial resource for understanding the intersection of education and economic growth, and the strategic role of community colleges like IRSC in fostering regional economic development.

Budget Watch: Florida Revenue Estimators Increase Forecast for the Ninth Consecutive Time, Adding $2 Billion to State Coffers

/ Categories: Research, Budget/Approps

Florida's revenue forecast has been updated, adding $2 billion more to the state's budget for the next two years. This is the ninth consecutive increase, driven by strong investment earnings, sales taxes, and corporate income taxes. Despite earlier predictions of slowed growth, revenues continue to exceed expectations, but there are potential risks on the horizon.

 

Briefing: Are Floridians Ready to Go Back to School? Not Without More Teachers…

2024 Update

/ Categories: Research, Education

Florida faces a critical teacher shortage, ranking 50th in teacher pay nationwide. Our briefing reveals alarming trends: 10% of courses lack properly certified teachers, and teacher pay has dropped 15.7% in real terms over the past decade. With Florida needing 9.7% more teachers by 2031, the state's educational future hangs in the balance. Our comprehensive report explores the root causes of this crisis, from inadequate compensation to mounting stress, and examines recent policy actions. More importantly, it offers concrete solutions to attract and retain quality educators.

The Taxpayer's Guide to Florida's FY2024-25 State Budget

/ Categories: Research, Budget/Approps, Taxpayer Guide

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2024-25 state budget, which went into effect July 1, 2024. The 2024 Legislature appropriated a total of $118.6 billion for FY2024-25. This Budget Guide includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-the-bill” spending, and appropriations made in general bills—net of the Governor’s vetoes.

Briefing: Florida's Property Insurance Market

/ Categories: Research, Hurricane Ian, Insurance

Explore the latest insights from Florida TaxWatch's "Property Insurance Briefing" as it delves into the complexities of Florida's property insurance market amidst the 2024 hurricane season. This report examines the instability caused by soaring premiums, driven by litigation and hurricane damages, and discusses the role of Citizens Property Insurance as a critical safety net for over a million Floridians. Highlighting legislative efforts to stabilize the market and initiatives like home hardening to reduce costs, this briefing is essential for anyone affected by or interested in Florida's property insurance challenges. Download the full report for a comprehensive analysis and actionable solutions.

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