Publication Type: Benefit-Cost
Authors: Dewey, Jim; Denslow, David
Division: Economic Analysis
This report builds upon the 2005 report Tough Choices: Shaping Florida’s Future, which warned that the state’s revenue system was overly reliant on the booming housing market and rebuilding from hurricanes. In this report, the news is grim. Revenues were hit hard by the recession and are only recently recovering. At the same time, the demand for education, health, and infrastructure spending continues to grow. This report also highlights the role of demographics and labor markets both now and in the future. And, ominously, it points out that Florida is experiencing a “hollowing out” of middle-wage jobs at a rate faster than the rest of the country.
Research Report, Baby Boomers, Demography, Earnings, Economic Analysis Program, Economy, Education, Elderly population, Employment, Gas prices, Gasoline, Housing, Jobs, Labor force, Pensions, Property taxes, Public policy, Railroads, Recession, Research, Retirees, Retirement, Taxable sales, Taxes, Unemployment, Wages, Florida data