This Briefing looks at the history of the CST in Florida, compares Florida's rates to other states, finding that Florida is the fourth-highest state in the U.S. for this tax, and recommends that the Legislature look to reduce CST rates to "benefit a wide range of Floridians, affecting virtually all individuals and businesses."
To address the steps that Florida has taken and should continue to take to match our graduates to the industries that need a workforce with skill-specific education, this Briefing looks at two aspects of the issue: how the right degree can make a difference in lifetime earning potential, and how Florida's Supply and Demand Portal can help students and employers achieve their goals.
The economic modeling done in this Report, looking at the impact of investing more in Florida's tourism industry, indicates that the Florida tourism industry reaching the milestone of 100 million annual visitors would create 121,298 jobs, and increase overall personal income for Floridians by $5.3 billion.
Continuing a legacy that has resulted in the savings of at least $3.5 billion in Floridians' hard-earned tax dollars over the last four years alone, Florida TaxWatch added more than $1 billion in cost-saving options for lawmakers this year, with the release of this Report. This year's Report is the fifth in as many years from Florida TaxWatch, the independent, nonpartisan, nonprofit taxpayer research institute and government watchdog headquartered in Tallahassee.
This month's Economic Commentary focuses on the growing bioscience industry in Florida, which is bringing high-wage job opportunites to Florida faster than almost any other state.
This month's Economic Commentary focuses on the aerospace industry in Florida following the closure of the Space Shuttle program at NASA. According to Enterprise Florida, the state ranks 2nd nationally for aviation, aerospace, and space establishments, employing some 83,200 Floridians, and providing a significant amount of the high tech manufacturing jobs in the state. With private and tourist-centered space travel on the very near horizon, the Commentary looks at what Florida is doing to keep this vital sector active in the Sunshine State.
This month's Economic Commentary looks at the economic impact of Florida's orange industry. Florida produces more oranges than any other U.S. state, totaling more than 71 percent of the U.S. supply during the 2010-11 season. Overall citrus production has an impact of $9 billion per year on the Florida economy.
This month's Economic Commentary discusses how Florida is investing in seaport and related infrastructure more than at any other time in our history, to diversify Florida's economy and make our state more competitive. This new infrastructure will allow Florida companies to be more efficient handling freight, and will allow additional opportunities for companies to transport their goods to markets in and out of Florida.
The September 2012 Florida TaxWatch Budget Outlook provides details on the revenue projections, how much spending is expected to increase, and a look at Critical and High Priority Needs items within that expected increase.
With counties in 32 states placed on the USDA's list of primary disaster areas because of drought conditions, this month's Economic Commentary looks at the effects of the drought on food, and potentially fuel, prices. Corn is currently at the highest per-ton cost in history, which will lead to increases in commodities like milk, meat, and eggs for us all.
This Economic Commentary is an extension of the June 2011 Economic Commentary, which discussed how Florida's business cycle is different from other states, and the U.S. business cycle. The most recent updated index figures indicate that "Florida has experienced positive growth in the index for each month since January 2010."
While we typically think of Florida as a top destination for U.S. citizens looking to buy homes, Florida the top state in the U.S. for attracting foreign homebuyers. This month's Economic Commentary looks at the impact of foreign buyers on Florida's home sales and spotlights our biggest international real estate investors, Canada.
A proposed Constitutional Amendment on the November 2012 ballot would create Florida jobs, grow Florida's Gross Domestic Product, and increase the personal income of Floridians, according to this new analysis from the TaxWatch Center for Competitive Florida
Recent financial volatility in Europe, combined with a potential European banking crisis, may cause more than one country to leave the Euro. May's Economic Commentary examines the factors that may destabilize the Euro, and the resulting effect on Florida.
The Briefing surveys the significance of public-sector employment in Florida counties by examining the ten largest employers per county, and finds that public employers are the top employer (by number of employees) in 51 of the 67 counties in Florida, and one of the top five employers in every single county in the state.
April's Economic Commentary focuses on the tangible effect of the price of gasoline on the average Florida consumer, and shows an impact on disposable income, travel, and even incoming tourists. Gas prices are still not as high as their peak in July 2008, but are on the rise again going into the summer driving season. How will this effect Florida's economic recovery?
This Economic Commentary focuses on the importance of capital investment for economic recovery, the impact of volatility on that investment, and the effect of investment on productivity. The piece concludes that the decrease in volatility in the US markets should lead to increases in investment, and faster growth.
"Continuing ten years of research on this issue, this short piece was produced to call attention to the ""remote sales tax"" or ""e-fairness"" issue which will likely come before the Legislature again in 2013."
"February's Economic Commentary focuses on unemployment in Florida as compared to the nation as a whole, and within specific demographic groups and their educational levels inside our state in 2011 vs. 2010. The Commentary also discusses possible solutions to the current situation, and trends to keep an eye on."
"January's Economic Commentary focuses on job growth in Florida in the last year. Our state created the 3rd-most jobs of any state, following only California and Texas in the number of jobs created."
"December's Economic commentary compares 2011 to 2010 using data that drives the Florida economy, primarily employment and unemployment figures. The commentary also examines the health of factors expected to play a key role in the state's economy. "
"The funding options available for Florida's budding entrepreneurs are analyzed in this Economic Commentary. Angel and Venture Capital is available, but takes many forms, and obtaining it can be a tortuous journey. "
"This Economic Commentary examines the state's wide range of business incubators, which are designed to provide small companies with business support during their formative stages. New incubators are now in the works with the goal of helping Florida create and retain jobs. "
"From Gatorade to the chemotherapy drug Taxol, some of the nation's most recognizable inventions are from Florida's University system. This report shows how the process works and which universities account for the most inventions. "
"Citrus and beaches define Florida's image, but manufacturing must play a major role to ease Florida's move into the global economy. This report examines barriers to manufacturing growth and recommends changes to the state's economic development policy. "