Despite incorrectly predicting a mild recession for the first two quarters this year, Florida officials estimate that the state’s economy and tax revenues will continue to grow.Â
The Office of Economic and Demographic Research held a Revenue Estimating Conference last week, with officials saying that the “current economic environment presented significant forecasting challenges.”
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Despite incorrectly predicting a mild recession for the first two quarters this year, Florida officials estimate that the state’s economy and tax revenues will continue to grow.Â
The Office of Economic and Demographic Research held a Revenue Estimating Conference last week, with officials saying that the “current economic environment presented significant forecasting challenges.”
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The national unemployment rate dipped to 3.5 percent in July, according to the latest data from the Bureau of Labor Statistics, once again hitting more than 50-year lows.
It’s still peak employment as far as the eye can see. Even with the past two years’ high inflation dropping dramatically and disinflation usually correlating with higher unemployment and a recession, that simply has not occurred yet, despite all the warning signs typically associated with an economic slowdown or downturn.
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Over the last few weeks, rumors have been circulating that the Kansas City Chiefs are considering moving from Kansas City, Missouri to Kansas City, Kansas.
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Georgia’s decision to delay processing tax year 2020 individual returns helped lead to a net tax collection of nearly $2 billion in February. Â
Georgia followed the Internal Revenue Service’s guidance of not accepting and processing 2020 returns until Feb. 12. The deferment led to a delay in tax refunds, which resulted in higher than usual individual income tax collections, Gov. Brian Kemp’s office said in a news release.
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