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Wednesday's Afternoon Update
What you need to know about Florida today
Taxes: Florida vs. nation
Today, Florida TaxWatch released the 2018 edition of the How Florida Compares: Taxes report. Key findings include:
- Florida continues to be a relatively low tax state.
- Florida’s state government collects significantly less revenue per capita than the average state.
- While Florida’s state tax and revenue burdens are very low compared to the other states, local tax burdens are much higher.
- Florida relies more heavily on local revenue to fund government than almost all other states.
See all the data, and download the full report from Florida TaxWatch, here.
Florida's state-created insurer puts rate hikes on hold
One of Florida's largest property insurers is delaying a plan to raise its rates. The board that controls Citizens Property Insurance voted on Wednesday to delay a vote on rate hikes until December. Normally, the state-created insurer considers rate increases during its summer meetings. More from the AP.
Brightline high-speed passenger train gets Orange County OK to lay tracks in wetlands
After winning approval Tuesday from Orange County commissioners, the company planning a high-speed passenger train linking Orlando with Miami expects to start laying rail in Central Florida later this year, a project executive said. More from the Orlando Sentinel.
Dry cleaning business in decline? Not in Gainesville.
If you find yourself taking clothes to the dry cleaners less, you're not alone, in fact, economists at the University of Florida say its a nationwide trend. Despite the odds stacked against them, the people at S&S cleaners in Gainesville say their city goes against the trend. More from WJCB.
South Florida businesses pay back thousands after Irma price gouging investigations
They’re the two words that can make frantic Floridians’ blood boil when a hurricane is on the way: price gouging. Now it’s payback time for some South Florida businesses. When a storm threatens — and tensions rise — some businesses try to take advantage. More from WSVN.
Profile
Manny Mencia: Developing Florida business and trade around the globe
As the only senior vice president of the International Trade & Business Development division of Enterprise Florida since the organization launched 22 years ago, there is always something to keep Manuel “Manny” Mencia busy. Mr. Mencia, who reports to the Florida secretary of commerce, is responsible for promoting international trade and generating foreign investment leads on behalf of Florida.
» More from Miami Today.
Earlier, from Florida Trend
» Trade Trendsetters: Taking Florida International
Out of the Box
Navy dropping live bombs in Ocala National Forest this week
» Read more from the Orlando Sentinel and WLRN.
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