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Budget Watch: Florida Revenue Estimators Increase Forecast for the Ninth Consecutive Time, Adding $2 Billion to State Coffers

Budget & Appropriations, Research

Florida’s revenue forecast has been updated, adding $2 billion more to the state’s budget for the next two years. This is the ninth consecutive increase, driven by strong investment earnings, sales taxes, and corporate income taxes. Despite earlier predictions of slowed growth, revenues continue to exceed expectations, but there are potential risks on the horizon.  

Briefing: Florida’s Property Insurance Market

Hurricanes, Insurance, Research

Explore the latest insights from Florida TaxWatch’s “Property Insurance Briefing” as it delves into the complexities of Florida’s property insurance market amidst the 2024 hurricane season. This report examines the instability caused by soaring premiums, driven by litigation and hurricane damages, and discusses the role of Citizens Property Insurance as a critical safety net for over a million Floridians. Highlighting legislative efforts to stabilize the market and initiatives like home hardening to reduce costs, this briefing is essential for anyone affected by or interested in Florida’s property insurance challenges. Download the full report for a comprehensive analysis and actionable solutions.

Monitoring and Oversight of General Obligation Bonds to Improve Broward County Schools

Broward Schools Bond Oversight (SMART Program), Research

The Q3 2024 Broward Bond Oversight report highlights significant progress in the SMART Program, with major advancements in technology, safety, and athletics in Broward County schools. All planned technology upgrades and safety projects are complete, improving the student-to-computer ratio and securing campuses. Despite these successes, challenges in renovations persist, with 29 projects likely to miss the October 2025 completion deadline. Leadership transitions and budget adjustments add further complexity. Florida TaxWatch plays a vital role in ensuring transparency and the efficient use of funds, continuing to oversee the program and provide recommendations to address ongoing challenges.

Social Determinants of Health: Health Care Access and Quality

Economic Development, Health Care, Institute of Quality Health and Aging, Research, Social Determinants of Health

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.

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