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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7/8/2025
The Potential Impacts of New Tariffs on Florida’s Economy

The Potential Impacts of New Tariffs on Florida’s Economy

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.

 

Read more
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7/10/2025
How Childcare Costs Impact Florida’s Economy

How Childcare Costs Impact Florida’s Economy

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.

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