Florida Economic Forecast: Q4 2024

2024-2030

2025 Economic Forecast - 2024 Q4 Cover

Florida TaxWatch’s report, 2025 Economic Forecast - 2024 Q4, examines Florida's economic outlook amid evolving market conditions. The report analyzes key indicators such as employment trends, GDP growth, and consumer spending, providing insights into Florida’s economic trajectory as the state navigates post-pandemic recovery and future challenges.

By evaluating current economic data and trends, the report offers policy recommendations aimed at fostering sustainable growth, enhancing job opportunities, and maintaining economic stability. The insights presented are crucial for policymakers, business leaders, and the public as they plan for the future.

Meet the Author:

Jui Shah
Jui Shah
Research Economist | Lead Author
LinkedIn

Documents to download

Previous Article More States Are Using State-Level Tax Credits to Address Workforce and Affordable Housing Deficits
Next Article Despite Uncertainty and Significant Downside Risk, Florida’s New General Revenue Forecast Adds $1.3 Billion to the Money Available for the New Budget
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OH, SNAP! Federal Policy Changes Threaten the Stability of Florida's Supplemental Nutrition Assistance Program

OH, SNAP! Federal Policy Changes Threaten the Stability of Florida's Supplemental Nutrition Assistance Program

Administered by the United States Department of Agriculture’s (USDA)’s Food and Nutrition Service (FNS), the Supplemental Nutrition Assistance Program (SNAP) provides funds to help low-income households afford low-cost, nutritious meals. In July 2025, President Trump signed the One Big Beautiful Bill Act of 2025 (the OBBB Act), tightening SNAP policies that determine eligibility, benefits, and program administration. Florida TaxWatch undertakes this independent research project to better understand how the upcoming changes in SNAP requirements will impact Florida’s budget and its ability to provide much needed food assistance to needy Floridians.

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2025 How Florida Counties Compare

2025 How Florida Counties Compare

This report compares the revenue and expenditure profiles of Florida’s 67 counties to give taxpayers an overview of how their local government stacks up with the rest of the state.

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The Fiscal and Economic Impacts of Nova Southeastern University on Florida’s Economy

The Fiscal and Economic Impacts of Nova Southeastern University on Florida’s Economy

NSU generated an estimated $293.1 million in state and local taxes within the Tri-County region in FY 2024-25 and an estimated $305.1 million in state and local taxes in FY 2024-25.

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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

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

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.

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