Despite Uncertainty and Significant Downside Risk, Florida’s New General Revenue Forecast Adds $1.3 Billion to the Money Available for the New Budget Despite Uncertainty and Significant Downside Risk, Florida’s New General Revenue Forecast Adds $1.3 Billion to the Money Available for the New Budget

Despite Uncertainty and Significant Downside Risk, Florida’s New General Revenue Forecast Adds $1.3 Billion to the Money Available for the New Budget

Budget Watch | March 2025

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Florida TaxWatch’s Budget Watch report for March 2025 examines the state’s updated General Revenue forecast, which adds approximately $1.3 billion to the money available for the new state budget. After a long streak of collections exceeding estimates, January’s shortfall signals a shift amid mounting economic uncertainty.

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Florida’s Water Supply: Could Florida Experience a Significant Water Supply Shortage by 2025? Florida’s Water Supply: Could Florida Experience a Significant Water Supply Shortage by 2025?

Florida’s Water Supply: Could Florida Experience a Significant Water Supply Shortage by 2025?

A Florida TaxWatch Commentary

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This commentary highlights a looming water crisis in the Sunshine State. Despite its reputation for abundant water resources, Florida could face a significant water supply shortage as early as 2025, according to projections from the Florida Office of Economic and Demographic Research. The report estimates that $1.7 billion in investments for critical water projects is needed by 2040 to avoid a severe shortage. This challenge is exacerbated by Florida's rapid economic and population growth, with an expected 26.4 million residents by 2040. The commentary criticizes current water project funding processes as disjointed and inconsistent, emphasizing the need for a comprehensive statewide strategy. It also discusses recent legislative efforts and proposes solutions, including the implementation of a Five-Year Water Project Work Program.

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Florida Economic Forecast: Q1 2025

Florida Economic Forecast: Q1 2025

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.

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