Trends in the Cost of Construction Materials

/ Categories: Research, Manufacturing, Public Infrastructure & Utilities

Construction is a cornerstone of Florida's economy, contributing $97 billion (5.7 percent) to the state's GDP in 2024. However, rising material costs are presenting significant challenges to the industry, impacting everything from large-scale infrastructure projects to residential home building and affordability for Florida taxpayers. This report from Florida TaxWatch examines the national and statewide trends driving these price increases and their potential consequences.

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.

 

“If You Build It, He Will Come”: Florida TaxWatch Looks At The Tampa Bay Rays’ Ballpark Proposal

/ Categories: Research, Local Government

This report analyzes the key aspects of the deal and identifies critical questions that local officials should consider before deciding whether the proposed ballpark is in the best interest of taxpayers.

The report does not draw conclusions on the merits of the deal but instead focuses on outlining the important factors that need to be weighed, such as the total public costs, the best use of public funds, and the fairness of the cost-sharing agreement. While the project is expected to generate significant economic impacts over 30 years, research shows that the benefits of publicly subsidized sports facilities are often overstated.

To learn more about this critical issue affecting the Tampa Bay region, download the full report for an in-depth, independent analysis.

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