Conservation Easements: In Perpetuity...Until They’re Not

/ Categories: Research, Energy & Environment, Taxes

The continued growth and urbanization of Florida have sparked renewed interest in preserving and protecting natural areas, especially in areas designated in and around the Florida Wildlife Corridor. Conservation easements are commonly used to protect natural, scenic, and open spaces by binding the current and future owners in perpetuity to the restrictions specified in the easement.

2025 MakeMore Manufacturing Summit: Summary Report

/ Categories: Research, Economic Development, Manufacturing, Workforce Development, Technology

Manufacturing is one of Florida’s leading industries and a key driver of job growth and economic strength, contributing more than $80 billion to Florida’s annual GDP. With more than 27,000 manufacturers—most of them small businesses with fewer than 20 employees—Florida’s manufacturing sector supports more than 430,000 high-wage jobs, with average salaries exceeding $78,000.

Clearwater’s Plan to Establish Its Own Municipal Electric Utility Puts Taxpayers at Risk

Florida TaxWatch examines the City of Clearwater’s plan to acquire Duke Energy Florida’s electric distribution assets and establish a municipal electric utility (MEU) in response to concerns over electric rates and service quality. While the City’s feasibility study projects modest short-term rate savings, Florida TaxWatch finds those projections rely on unrealistic assumptions—most notably an “overnight” conversion that ignores the likely decade-long, costly eminent domain process required to acquire Duke’s assets. Drawing on national municipalization case studies, the report highlights high failure rates, underestimated acquisition and severance costs, loss of economies of scale, and substantial financial exposure for taxpayers. Florida TaxWatch concludes that the proposed MEU represents a high-risk endeavor with limited upside and recommends the City pursue a renegotiated franchise agreement with Duke Energy Florida as a more prudent path forward.

New General Revenue Forecast Adds $572.5 Million for the Next Budget

/ Categories: Research, Budget/Approps, Local Government

The General Revenue (GR) Estimating Conference met on January 23 to adopt Florida’s latest GR forecast—the estimate that tells lawmakers how much is available for the next state budget. The updated forecast adds $572.5 million to the amount available for the upcoming budget year, but while meaningful, it amounts to only about one percent of total GR collections.

Florida’s Space Coast is Well-Positioned to Dominate the Future of the Aerospace Industry

For more than 60 years, Florida’s Space Coast—anchored by Kennedy Space Center (KSC) and Cape Canaveral Space Force Station (CCSFS)—has served as a premier gateway to space, driving tourism, high-tech jobs, and statewide economic output. After major federal program shifts in the 2010s led to significant regional job losses, Florida’s modern commercial-space resurgence—supported by Space Florida’s strategy to diversify the supply chain, modernize infrastructure, and attract private capital—has positioned the Space Coast to lead the next era of aerospace growth.

Save Our Taxpayers - Property Tax Relief Must be Accomplished Equitably

/ Categories: Research, Housing Affordability, Taxes, Insurance, Local Government

Florida property tax levies have been rising rapidly—increasing by nearly 40 percent in just the last three years and more than doubling in the last ten years—with property taxes now totaling $59.2 billion (FY2025–26). With the Legislature’s increased focus on affordability, especially housing affordability, property taxes are expected to be a top issue during the 2026 legislative session.

Florida Economic Forecast: 2025-2034

Q3 2025

/ Categories: Research, Economic Forecast

Florida’s economy—valued at $1.76 trillion in Q1 2025—entered the year with strong momentum, but this Q3 2025 Florida TaxWatch forecast projects a return toward more “normal,” pre-pandemic growth rates over the next several years. While Florida’s population is still expected to climb to roughly 25.9 million by 2034, net migration is projected to cool as higher costs (housing, insurance, taxes) and other pressures weigh on in-migration.

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.

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The What, Why, and How of the Florida TaxWatch Budget Turkey Watch Report

The What, Why, and How of the Florida TaxWatch Budget Turkey Watch Report

Florida TaxWatch’s annual Budget Turkey Watch Report for 2025 meticulously examines the state budget to identify appropriations that deviate from sound fiscal management principles. Below is an expanded overview of what Budget Turkeys are, why they are identified, and how they are determined.

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Using Microelectronic Sensors to Continuously Monitor Vertical Infrastructure

Using Microelectronic Sensors to Continuously Monitor Vertical Infrastructure

This Florida TaxWatch report explores how microelectronic smart sensor networks can proactively monitor vertical infrastructure to detect issues such as structural fatigue, corrosion, or damage before they lead to catastrophic failures, as seen in the 2021 Champlain Towers South collapse (98 deaths) and the 2018 Florida International University pedestrian bridge collapse (6 deaths).

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The Voter Guide for the City of North Port’s May 13, 2025 Referendum

The Voter Guide for the City of North Port’s May 13, 2025 Referendum

The City of North Port, Florida's second fastest growing city in the United States, faces significant challenges from rapid urbanization, population growth, and ongoing recovery from Hurricane Ian's devastating impact in 2022. This Florida TaxWatch report examines the implications of the May 13, 2025 special election referendum, which asks voters to decide on several critical municipal issues.

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Fair Share Taxes Driven Away by Electric Vehicles

Fair Share Taxes Driven Away by Electric Vehicles

Proposed solutions include redistributing a portion of the sales tax collected at EV charging stations to the STTF and adopting a hybrid approach that combines higher registration fees with targeted EV taxes. These proposals aim to ensure that all drivers contribute their “fair share” toward maintaining Florida’s transportation infrastructure in the face of rapid technological change.

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Extending the Local Communication Services Tax Increase Moratorium and a Sales Tax Exemption for Broadband Equipment Should be  Part of Any Tax Relief Package this Session

Extending the Local Communication Services Tax Increase Moratorium and a Sales Tax Exemption for Broadband Equipment Should be Part of Any Tax Relief Package this Session

Florida TaxWatch's CST and Broadband Equipment report examines the impact of the high Communications Services Tax (CST) on broadband infrastructure investment and consumer expenses. The report details how Florida’s current CST ranks among the highest in the nation and explores its effects on both businesses and low-income households, who are particularly vulnerable to the disproportionate burden of such taxes on essential wireless services.

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Taxpayer Independence Day 2025

Taxpayer Independence Day 2025

Florida TaxWatch’s Florida Taxpayer Independence Day 2025 report commemorates the symbolic April 21 date when the average Floridian has earned enough to satisfy all federal, state, and local tax obligations. In 2025, Floridians spend 110 days—until 11:24 a.m.—paying taxes each year before they begin earning for themselves.

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