Local taxing and spending is a major part of Florida government operations. More than half of all Florida government revenue (53.1 percent) is raised at the local level, one of the highest shares in the nation. Florida’s 66 county governments (plus Jacksonville’s consolidated government), more than 400 municipal governments, and approximately 1,000 independent special districts spend nearly $80 billion annually. This report compares the magnitude and makeup of Florida’s local governments’ fiscal operations. It does not attempt to compare or evaluate levels of service.
Distributed to the Bond Oversight Committee on December 16, 2019, this report examines the SMART program quarterly report for Q1 of FY2019-20.
Governor Ron DeSantis has released his $91.4 billion recommended spending plan for FY2020-21, providing a starting point for budget negotiations for when the next legislative session convenes on January 14, 2020. This could be considered his first recommended budget, since he released the last one less than a month after he took office, and agencies had submitted their budget requests three months before.
A Summary of the 2019 Florida Make More Manufacturing Summit
The slogan “Made in America” has always meant jobs for Americans. Manufacturing is the transformation of raw materials into new products and it ranges from small, home-based businesses that make products by hand to the largest, most technologically sophisticated factories and plants. The Manufacturing sector is made up of 21 subsectors which provide more than 12.5 million high-paying jobs. Manufacturing jobs pay an average of 12 percent more than other jobs. In 2017, persons employed in U.S. Manufacturing jobs earned an average of $84,832 (includes benefits) annually.
As of 2010, there were 2.5 million Floridians in their 50s, 2.1 million Floridians in their 60s, 1.4 million Floridians in their 70s and almost 1 million Floridians in their 80s and above. There is every reason to believe that these numbers will continue to rise. Recent estimates predict that Florida’s 65 and older population will represent 24.1 percent of Florida’s overall population by the year 2030. As Florida’s population continues to age, the elderly population will require vastly different and more costly forms of health care, such as long-term care for chronic conditions, more frequent examinations and follow-ups, and services and care for cognitive and mental impairments.
The 2019 Edition of this annual pocket guide gives taxpayers and elected officials great insight as to how Florida's taxes compare to other states and the national average across a wide variety of metrics.
It appears the 2020 Florida Legislature will have a little money left over after funding a continuation budget for the next fiscal year, but lawmakers need to be careful about spending it. State economists estimate that there will be a General Revenue (GR) budget surplus of $289.3 after funding the base budget plus “critical needs” and “high priority needs”—a conservative continuation budget.
Distributed to the Bond Oversight Committee on August 30, 2019, this report examines the SMART program quarterly report for Q4 of FY2019.
Moderated by our Vice President for Research Bob Nave, the panel discussed obstacles to effective school leadership; ways to attract and retain high-quality teachers; professional development for principals; how to get the most from teachers; and principal autonomy.
Loss of Indian Gaming Revenue Puts a Dent in General Revenue; State to Refund $542 Million in Excess Corporate Income Taxes
The General Revenue (GR) Estimating Conference met on August 14 to develop a new revenue forecast for Florida. It was a challenging and complex conference for the state’s economists. The uncertainty surrounding corporate income tax collections, the loss of Indian gaming revenue, a weaker economic forecast, and the impact of Hurricane Michael were some of the factors they were dealing with.