The Potential Impacts of New Tariffs on Florida’s Economy The Potential Impacts of New Tariffs on 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.

 

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Florida’s Budget Outlook: Is the Party Over? Long-Range Financial Outlook Forecasts Coming Budget Deficits Florida’s Budget Outlook: Is the Party Over? Long-Range Financial Outlook Forecasts Coming Budget Deficits

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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The Taxpayer's Guide to Florida's FY2024-25 State Budget The Taxpayer's Guide to Florida's FY2024-25 State Budget

The Taxpayer's Guide to Florida's FY2024-25 State Budget

/ Categories: Research, Budget/Approps, Taxpayer Guide

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2024-25 state budget, which went into effect July 1, 2024. The 2024 Legislature appropriated a total of $118.6 billion for FY2024-25. This Budget Guide includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-the-bill” spending, and appropriations made in general bills—net of the Governor’s vetoes.

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Economic and Fiscal Impacts of Florida Goodwill Association

Economic and Fiscal Impacts of Florida Goodwill Association

Goodwill’s Economic and Workforce Impact in Florida: FY 2024 quantifies how the Florida Goodwill Association and its nine territories convert donated goods and mission-driven operations into jobs, higher earnings, and stronger local economies across the state. Using FY 2024 operational, employment, and capital spending data and the IMPLAN input-output model, Florida TaxWatch estimates that Goodwill generated $1.52 billion in total economic output, added $893.9 million to Florida’s GDP, and supported 21,471 jobs statewide.

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