Budget Watch - Finally, Some Good Budget News

New General Revenue Estimates Add $2.1 Billion to Expected Collections

/ Categories: Research, Budget/Approps

The General Revenue Estimating Conference (GREC) met on December 18 and 21 and increased Florida’s general revenue (GR) projections by $1.486 billion in the current budget year and $623 million in FY2021-22.1 This restores 39 percent of the $5.4 billion two-year reduction in the estimates adopted by the GREC last August. 

2021 Economic Preview: An Uncertain Yet Hopeful Year of Growth

/ Categories: Research, Economic Development


 AS WE CLOSE OUT A TUMULTUOUS YEAR for Florida, defined by COVID-19 and its resulting disruptions to everyday life, we consider what may lie ahead for Florida’s economy in 2021. If there’s one thing assured for next year, it is that much economic uncertainty will persist against the backdrop of a constantly changing pandemic. Yet with several promising vaccines on the horizon and gradually improving labor market conditions, Florida looks poised to undergo the slow but steady process of economic rebuilding over the coming year.

Monitoring and Oversight of General Obligation Bonds to Improve Broward County Schools:

SMART Program Quarterly Report Review for the Quarter Ended September 30, 2020

/ Categories: Research, BOC

On November 20, 2020, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for

the Quarter Ended September 30, 2020 (“Quarterly Report”). This single 854-page report provides updated

information on the implementation of the District’s SMART Program and the use of general obligation

bond funds to purchase and install technology upgrades, purchase music, and art equipment, improve

safety, upgrade athletic facilities and renovate educational facilities.

 

Confidence and Coronavirus: How Consumers Feel About Florida’s Economy

/ Categories: Research

Whether purchasing a car, picking up coffee, or paying a contractor, consumers play an important role in the U.S. economy, where personal consumption represents around 70 percent of the nation’s gross domestic product. It comes by no surprise, then, that consumer optimism acts as an important indicator for the overall strength of the

economy.

Tax Free Turkey?

The Taxation of Groceries in Florida

/ Categories: Research, Cost Savings

As Thanksgiving nears and we think about the many blessings we have to be thankful for, here’s another one to add to the list: groceries are exempt from the Florida sales tax.

Post Election Wrap-Up: Local Tax Referenda

/ Categories: Research, Taxes, Local Government, Voter Guides

On November 3, 2020, Floridians went to the polls (or voted by mail) to elect the next President of the United States, voted on numerous state and local races, and decided the fate of six proposed amendments to the Florida Constitution. As if that were not enough, voters across the state had to consider more than 200 local referenda, including some significant tax increases This wrap-up looks at how these measures fared. 

After COVID-19: Rethinking how the state delivers services to Floridians in need

/ Categories: Research, Cost Savings

Application surges during the COVID-19 pandemic have exposed the shortcomings of the current state-administered, federal safety net programs, especially the Reemployment Assistance (Unemployment Insurance) program. This report explores Florida’s opportunity to implement more efficient and cost-effective business processes, thus reducing the size of government, saving the taxpayers money, and improving service delivery to Floridians in need.

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