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.

Florida's economy reached $1.58 trillion in 2023, but growth is expected to slow in the coming years. The report covers key projections, including slower population growth, a slight rise in unemployment, and continued tourism growth, with over 170 million visitors expected by 2029. Despite the slower pace, Florida’s economy remains robust, driven by tourism and real estate. Download the full report for a detailed analysis and outlook through 2029.

The Florida TaxWatch report reveals the substantial economic and educational contributions of Indian River State College (IRSC) to Florida's Treasure Coast and the broader state economy. IRSC, recognized for its affordability and high-quality programs, plays a pivotal role in workforce development through its extensive certificate and degree offerings. The report emphasizes the college's efforts in minimizing student debt and enhancing job readiness through strategic partnerships with businesses and local schools. Economically, IRSC creates over 15,000 jobs annually and generates a significant economic output, with every dollar spent translating into a substantial return for the Florida economy. This analysis serves as a crucial resource for understanding the intersection of education and economic growth, and the strategic role of community colleges like IRSC in fostering regional economic development.

This report examines the social determinants of health (SDOH), underscoring that environmental and social factors are the primary determinants of health outcomes. Significant barriers to healthcare access include high insurance costs and a large uninsured population, contributing to Florida's low national ranking in healthcare access. Challenges are particularly acute in rural and low-income areas, with a notable dependence on emergency services by uninsured individuals, imposing considerable economic strains.

To address these issues, the report suggests expanding Medicaid eligibility to enhance access and reduce costs, promoting telehealth to connect urban and rural communities, increasing autonomy for nurse practitioners and physician assistants to alleviate physician shortages, and implementing the "Live Healthy Agenda" to elevate healthcare quality and access throughout Florida. These recommendations aim to catalyze systemic changes for a healthier, economically stable state.

Gain insights into Florida's future economic trends with Florida TaxWatch's latest report. Analyze projections on population trends, job growth, GDP, and the tourism sector's influence. This essential guide offers a strategic outlook crucial for anyone involved in Florida's economic planning or investment.