State revenue tops forecast
State general revenue collections for May exceeded expectations by $231.8 million, driven by sales tax and earnings on state investments. The Legislature’s Office of Economic & Demographic Research reported Monday that the state collected $4.66 billion in net general revenue in May, about 5 percent above the amount anticipated in a revised January forecast. General revenue is closely watched because it plays a major role in funding education, health and prison programs. More from the News Service of Florida.
Executive urges JaxPort to promote its stability amid global turmoil
As six years of shocks have disrupted the global economy, a Jacksonville Port Authority official said swaying prices and job markets could offer the port a chance to market its stability. Speaking during a June 29 board meeting, JaxPort Chief Commercial Officer Robert Peek said that as shipping companies seek to diversify their risk amid the closure of the Strait of Hormuz during the Iran war , Jacksonville can position itself as a reliable option for investment. More from the Jacksonville Daily Record.
Lawsuit aims to stop private condo from being built on public beachfront in Hollywood
A luxury condo tower slated to rise on public land at the beach is the target of a lawsuit that accuses Hollywood of breaking its own rules and laws to make way for the project and its controversial 99-year ground lease. The lawsuit, filed last week in Broward Circuit Court, lists the city of Hollywood and Miami-based Related Group as defendants in a case that could dictate what happens to the land at 1301 S. Ocean Drive. More from the South Florida Sun Sentinel.
Big changes continue across Sarasota's restaurant scene
From Michelin recognition and beloved local comebacks to major national chains eyeing expansion, Sarasota's restaurant scene continues to create buzz as summer heats up. Three Sarasota eateries earned their first-ever mentions in the prestigious Michelin Guide, while a longtime favorite sandwich shop reopened at a new location to enthusiastic crowds. More from the Sarasota Herald-Tribune.
Pro soccer stadium proposed for construction near Melbourne airport
In a major economic development proposal, key founding figures of Orlando City SC plan to launch a Space Coast professional men's soccer club and build an 8,000-seat stadium near Melbourne Orlando International Airport. The executive team hopes to field a United Soccer League franchise and complete construction in time to kick off an inaugural season in March 2028, said Tommy Bonner, a principal in the Space Coast Pro Soccer leadership group. More from Florida Today.
Out of the Box
Luxury dog fashion house launches online, plans Palm Beach boutique
A newly launched British fashion house dedicated exclusively to dogs has debuted online and is seeking space for a physical store in Palm Beach. Chloe King London, a dog-focused luxury label developed by London native and author Eddie King, offers handcrafted leather collars and accessories made in England using traditional luxury leatherworking techniques.
» More from the Palm Beach Post.
Florida Trend Exclusive
Paycheck insight
A salary figure alone doesn't tell the whole story. Tenure, results, retention bonuses, and deferred compensation all factor into what a university president actually takes home. At Lynn University, for instance, the board of trustees works with an independent compensation and benefits expert to ensure the president's salary is "competitive, reasonable and aligned with the university's strategic priorities," says Lynn spokesman Cesar Palacios.
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