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Tough Choices Remain for Florida

LeRoy Collins Institute. Tough Choices Remain for Florida. Presentation to the TBRC November 1, 2007. LeRoy Collins Institute ~ Carol Weissert, Director FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601 850-644-1441 ~ 850-644-1442 fax. Percentage Retiring by Age, 50-75.

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Tough Choices Remain for Florida

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  1. LeRoy Collins Institute Tough Choices Remain for Florida Presentation to the TBRC November 1, 2007 LeRoy Collins Institute ~ Carol Weissert, Director FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601 850-644-1441 ~ 850-644-1442 fax

  2. Percentage Retiring by Age, 50-75

  3. Estimate of New Retirees per Year, 1950-2050

  4. Social Security Retired Beneficiaries per Covered Worker S Social Security Trustees Report, 2006, Figure IV B 2 Social

  5. Mean Family Wealth for Households by Age of Head

  6. All Local Governments in Florida, except Duval

  7. Taxable Value as a Proportion of Personal Income, Florida, 2006-20

  8. Business Taxes as Share of GSP Estimated by Ernst and Young

  9. Business Share of S&L Taxes Estimated by Ernst and Young

  10. The New Florida Legislation • In January 2007, the Florida legislature passed the “Insurance Industry Accountability and Consumer Protection Act” • This act expands the scope of Citizens Property Insurance Corporation (Citizens) and the Florida Hurricane Catastrophe Fund (FHCF) • The goal of this act is to lower residential property insurance rates in Florida

  11. Storm Damage ~ 7th Power of Wind Speed • Force ~ Velocity Squared • Area • Duration • Catastrophic Failure of Structures Nordhaus NBER Working Paper 2006 (He says 8th power.)

  12. Low-lying Areas at Risk of Sea-level Rise and Storm Surges

  13. Local Share of FEFP Up 8 Points

  14. Challenges for K-12 Schools • Class Size Amendment • Backloading of Teacher Pay • Automatic Raises for Advanced Degrees • Higher Pay in Georgia • Higher Pay in Alternative Occupations • Limited Merit Pay • Limited Extra Pay for Math, Science, Special Ed • Unions • Low-SES Students • Large Schools, Large Districts

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