More Than a Store: The Fiscal and Economic Impacts of Goodwill in Florida

/ Categories: Research, Economic Development

This report highlights the substantial fiscal and economic impacts of Goodwill in Florida, contributing nearly $1.2 billion to the state's economy in 2023. Goodwill's nine territories across Florida delivered impactful programs, including career readiness, community services, and re-entry support. These initiatives not only created over 14,000 jobs but also added $481.6 million in personal income and $652 million to Florida's GDP. Goodwill's model of investing donations directly into its programs demonstrates its dedication to fostering workforce development and enhancing local economies.

Florida Voters Continue Their Generosity, Approving $1.9 Billion in Local Tax Increases and Almost $1.0 Billion in Bond Issues

2024 Florida Tax & Bond Referenda

/ Categories: Research, Budget/Approps, Economic Development, Local Government

Florida voters demonstrated strong support for local tax increases and bond issues in the 2023-2024 election cycle, approving 89% of referenda. Voters passed $1.9 billion in annual tax increases and nearly $1 billion in bond issues, primarily targeting schools, infrastructure, and public services. The report highlights Florida's unique reliance on local government funding, with municipalities and special districts providing over 56% of the state's revenue. Despite statewide tax cuts, local taxes are rising with voter approval, reflecting public willingness to invest in community development when they perceive clear value and benefit.

Social Determinants of Health: Neighborhood and Built Environment

/ Categories: Research, Housing Affordability

Florida TaxWatch's latest report looks into how neighborhood and built environment factors significantly affect community health. The analysis highlights the impact of poor housing conditions, overcrowding, and limited access to essential resources like healthcare and healthy food, which elevate the risk of chronic illnesses and mental health challenges. Unsafe neighborhoods and environmental hazards also disproportionately affect vulnerable populations. The report underscores the need for strategic community investments to improve health outcomes and economic stability, advocating for healthier and safer environments that can lead to reduced healthcare costs.

Actions Florida Should Take to Help Taxpayers Impacted by Hurricanes Helene and Milton

/ Categories: Research, Blog

This blog post outlines the state's response to Hurricanes Helene and Milton and offers tax relief suggestions to ease the economic burden on impacted residents. It emphasizes extending tax deadlines and delaying property tax payments to mitigate financial stress. The recommendations include expanding relief to all affected areas, halting audits, providing refunds for destroyed property, and encouraging local governments to reduce millage rates. Additionally, it advocates for new legislation to refund property taxes for uninhabitable commercial properties and urges Congress to pass a federal Disaster Tax Relief Act.

Advancing Florida’s Children Issues Begins with a Complete Census Count

A Florida TaxWatch Commentary

/ Categories: Research, Census, Education

This report highlights how Florida’s census undercount, especially of young children, reduces federal funding for key programs like Medicaid and childcare. This funding gap forces the state to rely more on taxpayer dollars. To secure resources and better plan for services, Florida TaxWatch urges Floridians to promote full participation in the 2030 Census.

The Status of Florida’s Child Care System

/ Categories: Research, Blog

Florida’s childcare system is at a crossroads, impacting families, businesses, and the economy. With demand rising and federal funding returning to pre-pandemic levels, the state faces critical questions: Should childcare focus solely on supervision or also provide education? Can sustainable policies close the gap in access? Explore how Florida’s future workforce and economy depend on quality early learning options.

The Florida Taxpayer's Voter Guide for the 2024 Constitutional Amendments

/ Categories: Research, Voter Guides

The 2024 Florida TaxWatch Voter Guide to Florida’s Constitutional Amendments analyzes six proposed amendments on the November 5, 2024, ballot. It provides a summary, fiscal impact, and recommendation for each amendment. These amendments cover topics such as partisan school board elections, a constitutional right to hunt and fish, legalizing recreational marijuana, abortion rights, inflation adjustments to homestead exemptions, and the repeal of public campaign financing. Florida TaxWatch offers recommendations based on thorough analysis, urging voters to use the guide to make informed decisions.

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.