August 16, 2022

Thursday's Daily Pulse

What you need to know about Florida today

| 6/23/2022

› Pension fund ‘solid' amid market volatility
Florida’s pension fund remains “solid” despite growing pressure from global market conditions, Lamar Taylor, interim executive director of the State Board of Administration, said Wednesday. Overseeing about $250 billion in assets, the board invests money from the Florida Retirement System, along with 25 other funds, and manages the Florida Hurricane Catastrophe Fund.

› After more than 132 years, Jacobs Jewelers moving out of downtown Jacksonville
The owners of Jacobs Jewelers are looking at the recent purchase of The Greenleaf Building as the opportunity to move Jacksonville’s oldest jewelry and fine gifts store to a new location. “We are relocating out of Downtown to a more friendly environment for our customers,” said Delorise Thomas.

› Tampa port votes to lower property tax rate, but floats future increase
For 28 years, Port Tampa Bay has either dropped or held steady the millage tax rates it levies on Hillsborough County property owners in order to fund capital improvements. An end to that streak may be on the horizon. Port commissioners on Tuesday voted to decrease this year’s port millage rate to no more than $0.0844 per $1,000 in property valuation, down from $0.0935 this year.

› PadSplit finds rooms for Orlando renters with no ‘good options’
As rents in Central Florida climb to unprecedented levels, a new service is connecting low-income Orlando renters with available rooms. PadSplit offers available rooms for less than the market rate. Residents share communal living space, including kitchen and dining areas, in a home. Founded in Atlanta in 2017, PadSplit expanded to Orlando in June.

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