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.

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.

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Cost of Living in Florida: A Mid-Decade Check-In

Cost of Living in Florida: A Mid-Decade Check-In

For millions of Floridians, the defining economic question of the mid-2020s isn't about growth or GDP — it's about whether they can still afford to stay.

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Tourism in Central Florida: Why Tourist Development Tax Revenue Should Not Be Diverted

Tourism in Central Florida: Why Tourist Development Tax Revenue Should Not Be Diverted

To remain competitive and sustain Florida’s share of the U.S. tourism market, Florida must continue to invest in tourism marketing and promotion to make sure that when tourists begin to plan their next vacation, they think first of Florida. Florida TaxWatch recommends the Legislature not approve any legislation that permits local governments divert the use of TDT-generated revenue from tourism marketing to support other activities.

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