Jacksonville Poised for Sustained Growth

Ask most people which city in the U.S. is the largest, and you will likely hear New York, or Los Angeles, or one of the other “major” cities around the country. The truth, however, is that the largest city in the country is Jacksonville, Florida, at 874.6 square miles. While the size of Jacksonville may not be well known, even fewer may realize that the city is a rising star of startup activity and job creation.

Forbes magazine recently ranked Jacksonville fifth in the nation in its “Top Cities to Find a Job in 2015” list, behind only Austin, TX; Grand Rapids, MI; Nashville, TN; and Charlotte, NC. No other Florida city made the top ten. The industries leading the way on job creation in Jacksonville are IT, education, and health care, and the city is also said to be “emerging as a low-cost hub for startups where entrepreneurs are finding money, mentors, and city grants to get started,” according to a 2014 CNN Money article.

Gary Chartrand, a Jacksonville resident and former Chairman of the State Board of Education, points out that “Jacksonville is on the cusp of creating a destination for innovative startup companies and is committed to accelerate the growth of STEM [science, technology, engineering & math] jobs in our community. The newly created STEM2hub (www.stem2hub.org) will be the catalyst to increasing STEM initiatives, STEM education and STEM careers by attracting STEM companies to our region.”

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Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

The Florida Legislature is meeting in special session to consider Governor DeSantis’ proposed constitutional amendment and linked legislation to provide significant property tax relief to Florida homeowners. The proposal has many provisions, but the main ones would increase the homestead exemption to $150,000, beginning January 1, 2027, and then increase it to $250,000, beginning January 1, 2028. This exemption will apply to all property taxes. In addition, the cap on the annual increase in the assessment of non-homestead properties would be reduced from 10% to 5%, but this change would not apply to school property tax levies. Any property taxes remaining after the changes would be restricted to being used solely for core services such as public safety, education, infrastructure, debt, and retirement benefits.

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