Connect with us

Politics

Florida TaxWatch economic forecast shows upward trends, with some areas of concern

Published

on


Florida TaxWatch’s new analysis for economic growth in the Sunshine State in the next half decade shows steady increases. But there are areas of concern.

TaxWatch, primarily a government spending watchdog group, produces quarterly economic forecasts projecting economic development in the state along with analysis provided by the consulting firm Regional Economic Consulting Group (REC Group). And the third quarter forecast of 2024 that was published recently this month shows steady growth through 2030.

“Fueled by a strong global presence in tourism, trade, and real estate development, Florida’s economy has grown to nearly $1.5 trillion,” said Florida TaxWatch President and CEO Dominic Calabro. “Despite this impressive growth, Florida slipped from the fifteenth largest economy in the world to the sixteenth, which is why Florida TaxWatch continues to examine if Florida’s impressive economic growth is sustainable over the next several years.”

The economic gross domestic product (GDP) forecast stretches from 2024 through 2030 with several key indicators under consideration. The TaxWatch forecast in the next five years shows GDP growth dropping from 3.5% in 2024 to 3.2% in 2025. That rate remains about the same for most of the next five years, though the projection is for a drop to 3% in 2030.

“The difference between the growth rate of Florida’s GDP and the real GDP is becoming smaller. This suggests that the rate of inflation is expected to decrease in the coming years,” the forecast said.

The number of new jobs created in the state will definitely go up each year, according to the projection. But the pace of job growth could waffle. The study found there were 178,600 new jobs created in 2024, that figure will drop to about 121,900 in 2025. The forecast shows a steady decline in that figure falling to 77,900 in Florida in 2027. But that fall-off will see a turnaround in 2028 with 80,900 new jobs created and will escalate to 128,700 created in Florida in 2030.

In terms of the number of people who are in Florida, there will be an increase in population, too. The TaxWatch forecast projects the 2030 population will rise to about 24.8 million people, up by about 1.45 million people from the current population.

The one solid increase with no dispute, at least among the TaxWatch analysts, is the tourism industry will remain strong in Florida. One of the main keystones and economic drivers of Florida will continue to be visitors coming to the state for a break.

“Florida’s tourism is projected to increase steadily through 2028, and Florida’s tourism industry is projected to continue its strong growth through 2030, with more visitors expected each year. Tourism directly supports 2.1 million jobs and is responsible for $76.4 billion in employee wages. Due to the revenue tourism generates, every Florida household saves $1,910 a year on state and local taxes,” the TaxWatch forecast concluded.


Post Views: 0



Source link

Continue Reading

Politics

States threaten fines and jail time for local officials who resist Donald Trump’s immigration crackdown

Published

on


Republican state lawmakers seeking to aid President Donald Trump’s crackdown on illegal immigration are threatening local officials who resist with lawsuits, fines and even potential jail time.

Lawmakers in more than 20 states this year have filed legislation targeting so-called sanctuary policies that limit cooperation with federal immigration authorities, according to an Associated Press analysis using the bill-tracking software Plural.

Some of those states already ban sanctuary policies but are now proposing to punish mayors, council members and other government officials who violate the prohibition.

The goal is to provide “teeth to those who are being aggrieved by local governments and local officials who are not abiding by Georgia immigration law,” said Republican state Sen. Blake Tillery, whose legislation would allow lawsuits against anyone who implements sanctuary policies. His bill recently passed the Senate and is now in the House.

Opponents have raised concerns that the legislation could lead local police and sheriffs to detain immigrants for longer than they are supposed to under federal law out of fear of getting sued.

“We’re threatening our local law enforcement who are doing the best job they can to keep our communities safe,” said Georgia state Sen. Nikki Merritt, a Democrat.

The state proposals come as the Trump administration also has begun taking legal action against governments that have adopted policies inhibiting arrests and deportations by U.S. Immigration and Customs Enforcement. The Department of Justice has sued Illinois, Chicago and Cook County, alleging they are violating federal law by not cooperating with immigration authorities.

Georgia law enacted last year already mandates that local law enforcement cooperate with federal authorities to identify and detain immigrants in the U.S. illegally, or else lose state funding and face misdemeanor charges. The legislation recently passed by the state Senate doubles down by letting people sue local governments, officials and employees for violating the ban.

Immigrants and advocates in Georgia say the legislation, if passed, could stoke fear in communities already worried about ICE officials arresting loved ones in homes, churches or schools.

“This all relates to Donald Trump’s war on immigrants and local people trying to garner favor with him through legislation that doesn’t solve any problems,” said Charles Kuck, an Atlanta immigration attorney who opposes the legislation.

Mike Mitchell, deputy executive director of the Georgia Sheriffs’ Association, said the organization has a “neutral” position on the bill but noted sheriffs already are following immigration law.

Louisiana passed a law last year requiring law enforcement agencies to “use best efforts” to enforce federal immigration law. Earlier this month, Louisiana Attorney General Liz Murrill sued the sheriff’s office in New Orleans, alleging it is violating the state ban on sanctuary immigration policies.

The Orleans Parish Sheriff’s Office declines ICE requests to hold detainees for extra time except when they face murder, rape, kidnapping, treason or robbery charges, according to a 2013 policy put in place under a consent judgment in federal court. The attorney general’s lawsuit seeks to end that federal court order.

The sheriff’s office also restricts the information it shares with ICE and prevents federal immigration agents from entering its facilities without court authorization or interviewing detainees without legal counsel.

The sheriff’s office said in an emailed statement that it “remains in full compliance with all applicable state laws and valid court orders related to ICE detainers.”

An anti-sanctuary measure was the first item signed into law by Republican Gov. Larry Rhoden of South Dakota after he took over for former Gov. Kristi Noem, who was picked by Trump to be homeland security secretary. The law bans state and local policies that limit communication with federal officials about people’s immigration status, however it contains no penalties.

Other states have gone further. A sweeping immigration law signed recently by Republican Florida Gov. Ron DeSantis requires the attorney general to take legal action against local governments that adopt policies refusing to comply with federal requests to detain immigrants in the country illegally. Local officials who willfully violate a ban on such sanctuary policies can face fines up to $5,000.

Tennessee law already denies state economic development funds to local governments that violate a ban on sanctuary policies. A law signed recently by Gov. Bill Lee enhances that by subjecting local officials who vote for such policies to felony charges punishable by up to six years in prison. Legislative attorneys have said such penalties could be unconstitutional due to protections afforded elected officials while carrying out their duties.


Post Views: 0



Source link

Continue Reading

Politics

St. Augustine business leader appointed to Beach District Commission

Published

on


Lynda Kirker has experience in financial management at Flagler Hospital and other leadership positions in St. Johns County.

The governing board over one of Florida’s more modest ports has a new member thanks to Gov. Ron DeSantis.

Lynda Kirker was appointed by DeSantis this month as the latest member of the St. Augustine Port, Waterway and Beach District Board of Commissioners. The board has five members serving the nautical interests of St. Johns County along coastal areas.

The District is primarily charged with promoting the development of St. Johns County maritime interests among commercial and recreational activity in the area. Its original intent was to promote and protect nautical interests near the St. Augustine Inlet when it was founded in the 1930s. But it’s grown to involve marine projects, dune crossover development and other maritime projects.

“I’m excited and I’m flattered that the governor has that much faith and trust in me,” Kirker said in an interview with Jax Today. “and I hope that I can do a good job.”

In addition to maritime promotion, the District levies property taxes in coastal areas to support coastal projects and the board’s jurisdiction runs south to the Matanzas Inlet.

One of the more higher profile projects the board is connected to is the beach renourishment undertakings. That was a huge and expensive issue in St. Johns County in the past couple of years.

While the northern shoreline of St. Johns County was restored, another beach renourishment project was conducted south near St. Augustine and St. Augustine Beach. About $30 million in federal, state and local funding paid for the beach renourishment running from about Anastasia State Park into St. Augustine Beach near A Street.

Kirker has plenty of public service and management experience. She is the former Chief Financial Officer for Flagler Hospital and is the treasure of the Flagler College Women of Vision Advisory Board and the St. Augustine Sister Cities Association.

Kirker got a bachelor’s degree from Stetson University in business and accounting.


Post Views: 0



Source link

Continue Reading

Politics

USDA scholarship for students at historically Black colleges suspended

Published

on


A federal scholarship aimed at boosting students from underserved and rural areas attending historically Black colleges and universities has been put on hold.

The U.S. Department of Agriculture suspended the 1890 Scholars Program, which provided recipients with full tuition and fees for students studying agriculture, food or natural resource sciences at one of 19 universities, known as the 1890 land grant institutions.

It’s not clear exactly when the program was suspended, but some members of Congress first issued statements criticizing the suspension of the program on Thursday.

“The 1890 Scholars Program has been suspended pending further review,” the Department of Agriculture said in a post on the program’s website.

The suspension coincides with a funding freeze President Donald Trump’s administration instituted. Administration officials had said the pause was necessary to review whether spending aligned with Trump’s executive orders on issues like climate change and diversity, equity and inclusion programs.

A spokesperson for the department said Saturday in an email to The Associated Press that “every scholar — over 300 — regardless of matriculation date, was retained to finish their studies and complete their work with the Department.” The spokesperson added that Secretary Brooke Rollins will review the scholarship program, its mission and its metrics to ensure taxpayer resources are used efficiently.

The funding freeze has been challenged in court, with a temporary hold on the executive action already in place.

The affected universities include Alabama A&M, Florida A&M, North Carolina A&T and Tuskegee University in Alabama, among others.

The scholarship program dates to 1992, but 1890 in the title refers to the Second Morrill Act of 1890, which established historically Black colleges and universities.

Eligibility rules include being a U.S. citizen with a GPA of 3.0 or better, along with acceptance to one of the 19 1890 land grant universities. Eligible students must also study agriculture or related fields and “demonstrate leadership and community service,” according to the department’s site.

In October, the department said it had set aside $19.2 million for the program. In fiscal year 2024, 94 students were awarded scholarships, the department said.

___

Republished with permission of The Associated Press.


Post Views: 0



Source link

Continue Reading

Trending

Copyright © Miami Select.