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

/ Categories: Research, Taxes, Local Government, Public Infrastructure & Utilities

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.

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.

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

/ Categories: Research, Budget/Approps, Cost Savings, Federal Government, Health Care

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.

LUCA Primer: The First Step In Preparing for the 2030 Census

LUCA Primer: The First Step in Preparing for the 2030 Census explains how Florida’s statistically significant undercount of approximately 750,000 residents in the 2020 Census cost the state an additional U.S. House seat, up to $21 billion in federal funds, and weakened the quality of the data that businesses and community leaders rely on for planning.

Economic and Fiscal Impacts of Florida Goodwill Association

FY 2024

/ Categories: Research, Economic Development, Workforce Development, ROI Study

Goodwill’s Economic and Workforce Impact in Florida: FY 2024 quantifies how the Florida Goodwill Association and its nine territories convert donated goods and mission-driven operations into jobs, higher earnings, and stronger local economies across the state. Using FY 2024 operational, employment, and capital spending data and the IMPLAN input-output model, Florida TaxWatch estimates that Goodwill generated $1.52 billion in total economic output, added $893.9 million to Florida’s GDP, and supported 21,471 jobs statewide.

New Labor Data Shows Weaker Labor Market Than Previously Expected

/ Categories: Research, Workforce Development, Blog

Since January 2025, the federal interest rate has remained unchanged at 4.25 to 4.5 percent. The rates have been steady in hopes of curbing inflation and bringing it down to two percent, as unemployment numbers were not concerning until now. The latest revision data, however, will likely push the Federal Reserve to cut rates in their next meeting this month to 4.00 to 4.25 percent.

Interdisciplinary Pain Management As a Means to Help Address Solvency of the State Employees' Health Insurance Trust Fund

/ Categories: Research, Cost Savings, Health Care, Insurance

Interdisciplinary Pain Management as a Means to Help Address Solvency of the State Employees’ Health Insurance Trust Fund examines how treating chronic pain through integrated, team-based care can both improve outcomes for State Group Insurance Program (SGIP) members and lower overall claims paid by Florida’s State Employees’ Health Insurance Trust Fund. With the Trust Fund projected to face a nearly $1.7 billion shortfall by FY 2029-30 without action, Florida TaxWatch outlines a pragmatic path that reduces costs by treating pain more effectively—not just shifting them to employees.

Florida Economic Forecast 2025 - 2034

Q2 2025

/ Categories: Research, Economic Forecast

Florida's economy, valued at $1.76 trillion, entered 2025 on a strong footing but is projected to see its growth moderate to pre-pandemic levels over the next decade. This forecast from Florida TaxWatch indicates a shift from the high growth of recent years to a more sustainable, albeit slower, pace. While the state's population is expected to increase by 2.3 million by 2034, the rate of new residents moving to Florida is projected to decline, influenced by rising living costs.

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Corporate Income Tax Issues for the 2022 Legislature

Corporate Income Tax Issues for the 2022 Legislature

Federal corporate income tax reform, which had the general aim of broadening the base and lowering the rate, has reduced the federal tax burden on many corporations. However, since Florida adopted most of the base expansion measures without a concurrent rate reduction, federal tax reform has resulted in increased taxes at the state level, even after subsequent state refunds and rate cuts.

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2021 How Florida Compares: Taxes

2021 How Florida Compares: Taxes

Have you ever wondered how Florida’s taxes stack up against the taxes in other states? If so, this report is for you.

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A New Durbin Amendment Would Spell Trouble for U.S. Credit Card Customers

A New Durbin Amendment Would Spell Trouble for U.S. Credit Card Customers

There are times when we are uncertain what will happen if a particular public policy is implemented. A proposal in Congress about cuts in interchange fees on credit cards is not one of them.

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Budget Watch - FLORIDA GENERAL REVENUE COLLECTIONS HAVE OUTPACED ESTIMATES FOR 14 CONSECUTIVE MONTHS

Budget Watch - FLORIDA GENERAL REVENUE COLLECTIONS HAVE OUTPACED ESTIMATES FOR 14 CONSECUTIVE MONTHS

The Florida TaxWatch Budget Watch series has been detailing the rapid recovery of the state government’s revenue collections from the initial precipitous drop in the early months of the COVID-19 pandemic. We have highlighted how current General Revenue (GR) estimates are back above the last pre-pandemic estimates. Coupled with billions of dollars in federal aid, Florida is in enviable fiscal shape as the Legislature heads into the 2022 Regular Session.

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Beyond the Pandemic: Long-Term Changes and Challenges for Supply Chains and the Customer Experience in Florida

Beyond the Pandemic: Long-Term Changes and Challenges for Supply Chains and the Customer Experience in Florida

For more than a year, Floridians have experienced first-hand the changes, challenges and, in many cases, the frustrations that arise when a pandemic affects global trade. 

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