Pew Research: Florida’s tax revenue holds steady amid national decline
Despite a national decline in state tax revenues, Florida’s financial health remains strong, with only a minor decrease in tax revenue for fiscal year 2023.
Amid a national decline in state tax revenues, Florida’s financial health remains comparatively strong, according to an economic report published by Pew Research on Tuesday.
According to the analysis, Florida saw a decrease of less than 1 percent in inflation-adjusted tax revenue for fiscal year 2023, standing in contrast to the comparatively large drops seen in other states, such as California and New York, which experienced declines of 36.5 percent and 23.7 percent respectively.
“45 states reported lower year-over-year inflation-adjust...
