An Independent Assessment of the Economic Impacts of South Florida’s St. Thomas University on Florida’s Economy

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

St. Thomas University (STU) plays a large role in Florida’s economy, fostering workforce development and economic mobility, particularly for underrepresented communities. This Florida TaxWatch ROI report evaluates STU’s impact, highlighting its contributions to job creation, income growth, and return on investment. With record-breaking enrollment, a diverse student body, and strong financial stability, STU generates over $1.5 billion in economic output and supports more than 8,500 jobs. Every $1 spent on STU results in $21.50 of economic output.

Enhancing Lives, Ensuring Accountability: The Value of Florida’s Behavioral Health Managing Entities

Tenth Year Review

/ Categories: Research, Cost Savings, Health Care

Florida’s Behavioral Health Managing Entities (BHMEs) are at the heart of an innovative, community-based network delivering critical mental health and substance use services across the state. This report’s summary reveals how BHMEs efficiently coordinate a vast network of providers with minimal overhead—ensuring accessible, continuous care for vulnerable populations—while highlighting the risk that stagnant operational funding poses to their long-term sustainability. It ultimately recommends boosting operational funding from 3% to 5% to maintain the system’s effectiveness and guide future policy decisions.

Florida Economic Forecast: Q3 2024

A Florida TaxWatch Economic Commentary

/ Categories: Research, Economic Development, Economic Forecast

Florida's Economic Forecast 2024–2030 offers a concise look at Florida's future economic landscape. The report, built on REC Group data, outlines how the state is expected to continue growing—approaching a nearly $1.5 trillion economy—while highlighting shifts in population, net migration, and employment. It also examines changes in GDP, personal income, and the influence of tourism, comparing these trends to broader national economic indicators. Overall, the forecast serves as a valuable guide for understanding the opportunities and challenges Florida may face as it transitions into a more normalized, post-pandemic economic environment.

The Consequences of a Census Undercount on Florida’s Healthcare Funding

/ Categories: Research, Census, Health Care, Census Institute

Florida’s 2020 Census undercount has put billions of federal healthcare dollars at risk. With 750,000 residents uncounted, the state is projected to lose up to $21 billion in funding for Medicaid, CHIP, and other essential programs. This miscount impacts hospital planning, healthcare access, and federal funding formulas, costing Florida taxpayers $2.3 billion annually in lost Medicaid funds alone.

Solvency of the State Employees' Health Insurance Trust Fund

/ Categories: Research, Cost Savings, Economic Development, Health Care

Florida TaxWatch’s latest report examines the financial solvency of the State Employees' Health Insurance Trust Fund, which faces rising costs and potential deficits in the coming years. Despite a projected $652.7 million cash balance for FY 2024-25, increasing healthcare expenses could lead to a $1.5 billion deficit by FY 2028-29. The report recommends increasing employee contributions to align with those of other large employers, potentially saving the state $446 million annually. Proactive policy changes are urged to ensure the fund’s sustainability amid future budget challenges.

Social Determinants of Health: Economic Stability

This report, the fifth installment in Florida TaxWatch’s five-part Social Determinants of Health series, examines how economic stability—steady employment, adequate income, food security, and housing stability—affects health outcomes. It highlights the health disparities faced by low-income families and advocates for policies promoting job access, affordable housing, and proper nutrition to improve public health across Florida.

Teaching Every Child to Swim Saves Thousands of Lives from Needless Drownings and Taxpayers Millions

/ Categories: Research, Cost Savings, Education, Energy/Environment, Every Child a Swimmer

This Florida TaxWatch report highlights drowning as a leading cause of death for children in the U.S., particularly in Florida. It stresses the importance of teaching children water safety, noting that swimming lessons can reduce drowning risk by 88%. Despite recent legislative efforts, more actions are needed, such as offering drowning prevention videos to new parents in hospitals and increasing safety measures for at-risk children, including those with autism. The report calls for continued policy efforts to prevent drowning-related tragedies and save lives.

More Than a Store: The Fiscal and Economic Impacts of Goodwill in Florida

/ Categories: Research, Economic Development

This report highlights the substantial fiscal and economic impacts of Goodwill in Florida, contributing nearly $1.2 billion to the state's economy in 2023. Goodwill's nine territories across Florida delivered impactful programs, including career readiness, community services, and re-entry support. These initiatives not only created over 14,000 jobs but also added $481.6 million in personal income and $652 million to Florida's GDP. Goodwill's model of investing donations directly into its programs demonstrates its dedication to fostering workforce development and enhancing local economies.

Florida Voters Continue Their Generosity, Approving $1.9 Billion in Local Tax Increases and Almost $1.0 Billion in Bond Issues

2024 Florida Tax & Bond Referenda

/ Categories: Research, Budget/Approps, Economic Development, Local Government

Florida voters demonstrated strong support for local tax increases and bond issues in the 2023-2024 election cycle, approving 89% of referenda. Voters passed $1.9 billion in annual tax increases and nearly $1 billion in bond issues, primarily targeting schools, infrastructure, and public services. The report highlights Florida's unique reliance on local government funding, with municipalities and special districts providing over 56% of the state's revenue. Despite statewide tax cuts, local taxes are rising with voter approval, reflecting public willingness to invest in community development when they perceive clear value and benefit.

Social Determinants of Health: Social and Community Context

This research examines how social relationships and community dynamics profoundly influence individual health outcomes. The report reveals critical insights into the complex interactions between social support, community engagement, and personal well-being

Social Determinants of Health: Neighborhood and Built Environment

Florida TaxWatch's latest report looks into how neighborhood and built environment factors significantly affect community health. The analysis highlights the impact of poor housing conditions, overcrowding, and limited access to essential resources like healthcare and healthy food, which elevate the risk of chronic illnesses and mental health challenges. Unsafe neighborhoods and environmental hazards also disproportionately affect vulnerable populations. The report underscores the need for strategic community investments to improve health outcomes and economic stability, advocating for healthier and safer environments that can lead to reduced healthcare costs.

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Economic Benefits of a Robust Childcare System in Florida

Economic Benefits of a Robust Childcare System in Florida

Access to affordable, quality child care and early learning programs is essential for keeping parents in the workforce. In July 2022, Florida TaxWatch released “How Childcare Impacts the State’s Economy and Shapes Florida’s Workforce” to examine the risk unstable childcare options pose to the state’s economy. The briefing found that childcare-related turnover can cost $5.7 billion in lost earnings for families, $1.2 billion in turnover expenses for businesses, and $518.3 million in tax revenues, annually. Yet, the availability and capacity of high-quality child care and early learning programs remain limited, and often unaffordable, for many Florida families.

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Extending State Group Insurance  to the Florida College System

Extending State Group Insurance to the Florida College System

Serving as the eyes and ears of Florida taxpayers, Florida TaxWatch annually reviews the state budget to prepare its Budget Guide, showing how hard-earned taxpayer dollars are spent. This year, consistent with a recommendation by Florida TaxWatch, line item 2923 of the 500-page General Appropriations Act appropriates $500,000 in nonrecurring funds to the Department of Management Services to contract for a comprehensive analysis to determine the fiscal impact and feasibility of extending the State Group Insurance Program (SGIP) to employees of the Florida College System.

 

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Septic-to-Sewer: Protecting Florida’s Ground and Surface Water

Septic-to-Sewer: Protecting Florida’s Ground and Surface Water

From the early days on the edge of the Tigris and Euphrates River to now, water has long been a staple of civilization. As discussed in the Florida TaxWatch report “We Can’t Wait on Water” (January 2020), Florida relies upon high-quality water to maintain the well-being of public health, ecosystem services, recreation, property values, and economic activities, such as fishing, boating, sailing, and other water-based tourism. But Florida’s water quality is at risk.

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Water Infrastructure Projects are Vital

Water Infrastructure Projects are Vital

Water provides varied and vital benefits to Floridians, our businesses, and visitors. We literally could not live without it. Our water resources are a massive, interconnected system, one that is expensive to maintain. Federal, state, and local governments have been spending a lot of taxpayer money on upkeep and enhancements, but there is still much work to be done.

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An Analysis of the Tax Treatment of  Credit Unions: Value of Florida Credit Unions’  Exemption Is Now  $259 Million

An Analysis of the Tax Treatment of Credit Unions: Value of Florida Credit Unions’ Exemption Is Now $259 Million

Originally designed to serve specific community segments, credit unions have since expanded their reach and service offerings, making their tax exemptions increasingly valuable. From 1997's exemption value of $89.1 million, the exemption's worth has risen to $259 million in 2023. This report sheds light on the industry's transformations, recent trends like mergers and acquisitions, and reevaluates the rationale behind the tax exemptions. It aims to fuel informed discussions on credit union taxation and their exemption status.

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Florida's Labor Resilience: Navigating the National Cool-Down and Local Market Dynamics

Florida's Labor Resilience: Navigating the National Cool-Down and Local Market Dynamics

Amidst a national shift towards a cooler labor market with fewer job openings, the study explores the consequent effects on wage trends and inflationary pressures. The focus is on Florida's unique position and its adaptive response to these economic headwinds, highlighting the state's labor market resilience. As job openings decline and employee separations remain high, Florida's experience offers a case study in managing workforce challenges during economic cooldowns. This paper is a must-read for policymakers, economists, and business leaders interested in the interplay between labor markets and inflation, especially those focused on the Sunshine State's economic climate.

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