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When the 2015 Legislature convenes in Tallahassee, it is expected to have nearly $30 billion in General Revenue to create the state budget for FY 2015-16. However, after this month's GR Estimating Conference, the new General Revenue projection is $141.6 million less than previously thought.
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Florida seaports are performing very well under a decentralized governance model, managing and meeting their local needs while implementing a state level strategy to holistically enhance Floridas economic climate, according to this joint report from Florida TaxWatch and the Florida Ports Council.
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From August 1-3, Floridians will save nearly $40 million in taxes while they shop tax-free for back-to-school supplies. Florida families can purchase clothing, school supplies, and even computers up to $750 tax-free. This infographic shows the estimated savings for taxpayers over the history of this annual tax holiday.
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All the bills passed by the 2014 Legislature have now been evaluated by the state's revenue estimators, resulting in a revenue reduction of more than $550 in the current fiscal year. Local revenues will be reduced by $41.5 million and $37.0 million. Despite the declining revenue estimates, the reduction still leaves $1.65 billion in general revenue reserves for the fiscal year, according to the July Budget Watch.
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Florida's job growth is steadily improving according to this report, which analyzes job growth data and shows higher job creation numbers for Florida than in the previous year, indicating a healthier state economy.
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Floridas booming aircraft manufacturing industry is helping to diversify the state, according to a new report. The report, Ready for Takeoff: Florida Can Lead The Nation In Aircraft Manufacturing, shows that Florida is the most attractive state for aircraft manufacturing, illustrated by the number of industry companies relocating to the state.
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Florida's favorable agricultural climate positions the state as the second largest produce exporter in the nation, according to a new report, which finds that the farming and processing of Florida produce contributes more than $7.5 billion to the state economy.
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International home purchasers play an integral role in Florida's housing market, according to this analysis of home sales. This report highlights the nations that have the highest amount of home purchases in the Sunshine State, and projects future home sales. |
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Commuter train projects in Florida have generated some economic activity and job growth in Central and South Florida, though major concerns exist for taxpayers around the state, according to this Economic Commentary. The report highlights Orlandos new SunRail project and South Florida's All Aboard Florida commuter rail line, expected to begin operating in 2016.
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This years Budget Turkey Report finds $120 million in projects slipped into the budget without a full and transparent review.
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The 2014 Session has come to a close, and this Florida TaxWatch report details all of the issues that we followed this year.
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Increased demand for new home construction is evidence that Florida is continuing its strong recovery from the Great Recession, according to this report. Housing starts are a leading economic indicator which reflects increased consumer demand.
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