Update on the Implementation of the Live Local Act

/ Categories: Research, Economic Development, Housing Affordability

Florida continues to face a severe affordability gap in housing. In 2022, 35% of households were cost-burdened, and by 2024 the state was short more than 323,000 affordable units for households at 0–30% of Area Median Income (AMI). The Legislature’s 2023 Live Local Act—amended in 2024 and 2025—was designed to accelerate supply by combining incentives (notably property-tax exemptions) with strong preemption and streamlined approvals for qualifying projects. The law requires that at least 40% of units in eligible projects remain affordable for 30 years, and it allows multifamily development in commercial, industrial, or mixed-use zones without rezoning, subject to administrative review.

Hospice and Palliative Care

Florida is a National Leader Among the States Looked to for Best Practices in Compassionate Care

Florida's aging population is driving sustained demand for cost-effective, patient-centered care across the continuum. Palliative care—non-curative, interdisciplinary support for patients with serious but often nonterminal conditions—improves quality of life and can lower overall costs when introduced early in the disease course. Hospice provides end-of-life care once a clinician certifies a terminal prognosis; in Florida, hospice providers operate under a Certificate of Need (CON) program that authorizes new entrants only when unmet need is demonstrated through twice-yearly batching cycles.

How Childcare Costs Impact Florida’s Economy

/ Categories: Research, Economic Development

The impact of childcare, as the data suggest, is prominent on Florida’s economy. Losses incurred from turnover and absenteeism of working parents can be avoided with friendlier workplace policies and higher investment in affordable childcare. As an important part of the industry, treating childcare workers better financially can help maintain the workforce in childcare and add to the economy of Florida. Impactful measures that can alleviate the pressing childcare issues mentioned can further grow Florida’s economy.

The Potential Impacts of New Tariffs on Florida’s Economy

/ Categories: Research, Economic Development, Energy & Environment

On April 2nd, 2025, a universal 10 percent tariff on all countries was announced by the federal government, with a few countries facing additional reciprocal tariffs of up to 50 percent. A week after the announcement, due to intense volatility in the bond market, a 90-day suspension on the tariffs was announced, with the exception of a 145 percent tariff on certain Chinese goods.

 

Florida Economic Forecast: Q1 2025

2024-2030

Florida's economy has been growing to new heights these past years -- reaching nearly $1.5 trillion. The Q1 2025 economic forecast by Florida TaxWatch examines key trends in population growth, employment, income, GDP, and tourism, offering valuable insights for policymakers, business leaders, and taxpayers.

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.

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.

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.

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.

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

Interdisciplinary Pain Management As a Means to Help Address Solvency of the 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.

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Could Florida Experience a Significant Water Shortage?

Could Florida Experience a Significant Water Shortage?

New EDR projections show a widening state funding gap—more than $50 million in FY 2025-26—with total demand still trending upward through 2045.

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New Labor Data Shows Weaker Labor Market Than Previously Expected

New Labor Data Shows Weaker Labor Market Than Previously Expected

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.

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2025 Florida TaxWatch Annual Report

2025 Florida TaxWatch Annual Report

The 2025 Florida TaxWatch Annual Report captures a milestone year: the culmination of Dominic M. Calabro’s decades of leadership and the announced transition to Lt. Governor Jeff Kottkamp as incoming President & CEO on January 1, 2026.

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