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Economic Benefits of a Robust Childcare System in Florida

Research

Access to affordable, quality child care and early learning programs is essential for keeping parents in the workforce. In July 2022, Florida TaxWatch released “How Childcare Impacts the State’s Economy and Shapes Florida’s Workforce” to examine the risk unstable childcare options pose to the state’s economy. The briefing found that childcare-related turnover can cost $5.7 billion in lost earnings for families, $1.2 billion in turnover expenses for businesses, and $518.3 million in tax revenues, annually. Yet, the availability and capacity of high-quality child care and early learning programs remain limited, and often unaffordable, for many Florida families.

ARE BIG PROPERTY VALUE INCREASES GOING TO MEAN BIG TAX INCREASES?

Budget & Appropriations, Research, Taxes

Florida’s housing market is raging, with growth in property values not seen since the housing bubble. Property appraisers certified the state’s taxable value for 2022 on July 1 and these values are currently being used by local governments and school districts in setting new property tax rates and developing budgets for FY 2022-23. The growth in property values has set the stage for what could be significant tax increases for Florida’s citizens and businesses.

Florida TaxWatch Releases Independent Analysis of Potential Effects of Consumer Data Privacy Legislation in Florida

Press Releases

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released Who Knows What? An Independent Analysis of the Potential Effects of Consumer Data Privacy Legislation in Florida. Building on a previous FTW briefing, the report examines experience data from existing consumer data privacy laws across the country to generate an estimate of compliance and litigation costs businesses would face with the implementation of consumer data privacy legislation in Florida.

Who Knows What—Analysis of Data Privacy Legislation in Florida

Research

Florida TaxWatch undertakes this updated, independent assessment to better understand the economic impacts that consumer data privacy legislation would have in Florida. The report details the individual cost components that would comprise compliance activities. Building upon the previous research brief, this report calculates the potential economic cost of litigation that a private right of action would produce. The recommendations contained at the end of the report provide policymakers with some key considerations to minimize adverse outcomes while attaining the core goal of data privacy.

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