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2013 Florida Legislative Overview

2013 Florida Legislative Overview. Florida Advocacy Days Legislative Briefing Trinity United Methodist Church April 8, 2013 Presented by Ted Granger, President United Way of Florida, Inc. Money - Post War U.S. Recessions. 2. Percent Job Losses in Post WWII Recessions, August. 3.

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2013 Florida Legislative Overview

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  1. 2013 Florida Legislative Overview Florida Advocacy Days Legislative Briefing Trinity United Methodist Church April 8, 2013 Presented by Ted Granger, President United Way of Florida, Inc.

  2. Money - Post War U.S. Recessions 2

  3. Percent Job Losses in Post WWII Recessions, August 3 Source: Calculated RISK Finance & Economics, September 2012

  4. Florida Economy Population 4

  5. Florida Economy - Population Source: Bureau of Economic & Business Research, UF, May 11, 2012 5

  6. Florida Economy - Population Source: Bureau of Economic & Business Research, UF, June 2011 6

  7. Florida Economy - Population Avg. Ann. Pop. Grwth 318,000 7

  8. Florida Economy – Population Growth by Age Group 8 Source: Office of Economic & Demographic Research, December 2012

  9. Florida Economy Economy Looking Up 9

  10. Home Sales Continue Improving Existing Single-Family Homes – 11/2011-2012 • +24.4% • US - +14.5% • 8 months consecutive increase • +14.1% - Median Sales Prices • $154,000 • +10.6% - Average Sales Price • $223,301 Condo Sales • +18.3% • +20.2% - Median Sales Prices 10 Source: Florida Realtors, December 2012; January 2013

  11. Home Sales 11 Source: Office of Economic & Demographic Research, December 2012

  12. Tourism Rocks! New Tourism Records 2012 • Total Tourism Spending – Record • Total State Sales Tax Revenues from Tourism • Number of Persons Employed 12 Source: Visit Florida, December 2012

  13. National Jobs Lost & Recovered 13 Source: National Employment Law Project, The Low-Wage Recovery and Growing Inequality, August 2012.

  14. Florida Budget Florida Budget 14

  15. General Revenue Outlook ($ millions) Source: Legislative Budget Commission, September 2011 15

  16. General Revenue Outlook ($ millions) • Updated December, 2012 • All GR – recurring, nonrecurring, roll-over • Source: Legislative Budget Commission, Fall 2012 Report 16

  17. No Budget Shortfall??? 2013-2014 Budget: “Flat” Flat is good! Budget surplus: first in 5 years 17

  18. Florida GR History 18 Source: Office of Economic & Demographic Research, December 2012

  19. Florida GR Budget 2012-2013 19 Source: The Florida Legislature

  20. Florida GR Budget 2012-2013 20 Source: The Florida Legislature

  21. Florida Budget 2012-2013 21 Source: The Florida Legislature

  22. Florida Budget 2012-2013 22 Source: The Florida Legislature

  23. Florida GR Revenue Sources 23 Source: FL Revenue Estimating Conf.; 2012 Florida Tax Handbook

  24. 2013 Legislative Session Overview Thanks! 24

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