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.

Actions Florida Should Take to Help Taxpayers Impacted by Hurricanes Helene and Milton

/ Categories: Research, Blog

This blog post outlines the state's response to Hurricanes Helene and Milton and offers tax relief suggestions to ease the economic burden on impacted residents. It emphasizes extending tax deadlines and delaying property tax payments to mitigate financial stress. The recommendations include expanding relief to all affected areas, halting audits, providing refunds for destroyed property, and encouraging local governments to reduce millage rates. Additionally, it advocates for new legislation to refund property taxes for uninhabitable commercial properties and urges Congress to pass a federal Disaster Tax Relief Act.

Advancing Florida’s Children Issues Begins with a Complete Census Count

A Florida TaxWatch Commentary

/ Categories: Research, Census, Education, Census Institute

This report highlights how Florida’s census undercount, especially of young children, reduces federal funding for key programs like Medicaid and childcare. This funding gap forces the state to rely more on taxpayer dollars. To secure resources and better plan for services, Florida TaxWatch urges Floridians to promote full participation in the 2030 Census.

The Status of Florida’s Child Care System

/ Categories: Research, Health Care, Blog

Florida’s childcare system is at a crossroads, impacting families, businesses, and the economy. With demand rising and federal funding returning to pre-pandemic levels, the state faces critical questions: Should childcare focus solely on supervision or also provide education? Can sustainable policies close the gap in access? Explore how Florida’s future workforce and economy depend on quality early learning options.

The Florida Taxpayer's Voter Guide for the 2024 Constitutional Amendments

/ Categories: Research, Voter Guides

The 2024 Florida TaxWatch Voter Guide to Florida’s Constitutional Amendments analyzes six proposed amendments on the November 5, 2024, ballot. It provides a summary, fiscal impact, and recommendation for each amendment. These amendments cover topics such as partisan school board elections, a constitutional right to hunt and fish, legalizing recreational marijuana, abortion rights, inflation adjustments to homestead exemptions, and the repeal of public campaign financing. Florida TaxWatch offers recommendations based on thorough analysis, urging voters to use the guide to make informed decisions.

Florida’s Budget Outlook: Is the Party Over? Long-Range Financial Outlook Forecasts Coming Budget Deficits

Budget Watch | October 2024

/ Categories: Research, Budget/Approps

Florida's Budget Watch report highlights a shift from surpluses to potential deficits starting in FY 2026-27. Despite strong revenue collections, rising costs in education and Medicaid could lead to a $6.9 billion deficit by FY 2027-28. The report emphasizes the need for legislative action now to prevent future financial challenges. Download the full report for more details.

Florida Economic Forecast: Q2 2024

An Economic Commentary

/ Categories: Research, Economic Development, Economic Forecast

Florida's economy reached $1.58 trillion in 2023, but growth is expected to slow in the coming years. The report covers key projections, including slower population growth, a slight rise in unemployment, and continued tourism growth, with over 170 million visitors expected by 2029. Despite the slower pace, Florida’s economy remains robust, driven by tourism and real estate. Download the full report for a detailed analysis and outlook through 2029.

From Roads to Roots: A Review of Florida’s Highway Landscape Spending

/ Categories: Research, Transportation

Florida TaxWatch's latest report reviews FDOT's highway landscaping expenditures, which exceed $200 million annually. While the beautification projects provide key benefits like reducing erosion and enhancing safety, the report questions the lack of a spending cap. It explores potential legislative changes to optimize taxpayer investment. Download the full report for insights into these recommendations and the future of Florida’s highway landscaping policies.

Florida’s Water Supply: Could Florida Experience a Significant Water Supply Shortage by 2025?

A Florida TaxWatch Commentary

/ Categories: Research, Energy/Environment

This commentary highlights a looming water crisis in the Sunshine State. Despite its reputation for abundant water resources, Florida could face a significant water supply shortage as early as 2025, according to projections from the Florida Office of Economic and Demographic Research. The report estimates that $1.7 billion in investments for critical water projects is needed by 2040 to avoid a severe shortage. This challenge is exacerbated by Florida's rapid economic and population growth, with an expected 26.4 million residents by 2040. The commentary criticizes current water project funding processes as disjointed and inconsistent, emphasizing the need for a comprehensive statewide strategy. It also discusses recent legislative efforts and proposes solutions, including the implementation of a Five-Year Water Project Work Program.

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Education Leadership Roundtable Summary Report 2020

On May 14, 2020, Florida TaxWatch held a virtual roundtable discussion composed of nine current winners of TaxWatch’s prestigious Principal Leadership Award to discuss ways to improve the overall quality of pre-K–12 education by improving the leadership qualities of our principals. 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. TaxWatch is pleased to present this summary report and its recommendations, and we look forward to a continued discussion with Florida lawmakers and policymakers in advance of the 2021 legislative session.

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Budget Watch - COVID-19 Impact

As Florida continues its battle with the COVID-19 pandemic, the state has released General Revenue (GR) collections data for June (the last month of the FY19-20 fiscal year).1 Collections came in $427.8 million (13.4 percent) below estimate, following losses of $878.1 million (29.4 percent) in April and $779.6 million (26.4) percent in May. Because collections were running a bit above estimate before the pandemic hit, the $2.1 billion loss in the last quarter puts Florida down $1.9 billion (5.7 percent) for the year. 

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Estimate of Florida Transportation Revenues Reduced by $1.5 Billion over the Five-Year DOT Program

The COVID-19 pandemic is taking its toll on state transportation funding.  The new forecast from the Transportation Revenue Estimating Conference, predicts the state will collect nearly $1.5 billion less than expected in state transportation revenues through FY2025-26.  This is a reduction of 5.7 percent.  These funds are deposited into the State Transportation Trust Fund (STTF) to pay for the DOT work program.

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Time Delays and Lack of Guidance Complicating Local CARES Act Relief

When the history of the COVID-19 pandemic is ultimately written, there will likely be a chapter addressing how the impact of a well-intentioned federal relief package called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was somewhat hobbled by its roll-out and the ultimate disbursement of public assistance.

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General Revenue Estimates for the Current Budget Year Reduced by $3.4 Billion

After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate. 

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TaxWatch COVID-19 Taxpayer Task Force

Made up of public policy professionals, tax and budget experts, and leaders of both small and large businesses, the Task Force was established to identify those areas of state tax policy that could be addressed both immediately and in the long term to provide Florida’s businesses—and their employees and customers—appropriate relief and assistance.

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It Is Time to Overhaul the State Procurement System

Florida taxpayers must hold state government accountable for making smart business decisions and conducting the high-level planning and project management necessary to ensure success and minimize the risk to the state.

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