By Chad Thomas Florida’s Citizens Property Insurance Corporation (Citizens) is a state-run insurer of last resort for commercial and residential property owners unable to afford a policy in the private market. Citizens tends to insure wealthy homeowners along the coast, where property values and the risk of damage are highest. In 2002, the Florida Windstorm … Continue reading Citizens Property Insurance Corporation Still Vulnerable to Underfunding
Preparing Florida’s Government Policy for The Next Big Hurricane
by Chad Thomas Political and economic conditions in New Orleans before 2005 left the city unprepared for Hurricane Katrina. The government bureaucracies responsible for levee maintenance were mismanaged and corrupt officials diverted needed funds. Weak economic performance before Katrina also set up affected areas for slow recovery afterward. New Orleans’ experience shows how government can … Continue reading Preparing Florida’s Government Policy for The Next Big Hurricane
Targeted Industry Tax Incentives in Florida
By Marisa Lupica Tax incentives are a significant but ineffective part of states’ economic development policy. As of 2012 states spent an estimated $80.4 billion annually on tax incentives for businesses. Yet, most economic research on the subject finds that targeted tax incentives are ineffective at attracting businesses, creating jobs, or improving a state’s economic … Continue reading Targeted Industry Tax Incentives in Florida
Decision-making in a Community Redevelopment Agency
By Casey Barr As discussed in a previous blog post, Community Redevelopment Agencies (CRAs) are a form of special district government that funds local redevelopment projects with taxpayer subsidies. But how are spending and organizational decisions made in a CRA? (Source: City of Tallahassee. Available at: https://www.talgov.com/cra/CRAHome.aspx) CRAs can only be established when two governmental units, such … Continue reading Decision-making in a Community Redevelopment Agency
Community Redevelopment Agencies
By Casey Barr Local governments face the perennial dilemma of obtaining money to fund community redevelopment projects. Requesting state or federal funds can be an arduous bureaucratic process, and these funds are often awarded to larger, more prominent cities, ignoring smaller towns where need is arguably greater. Community Redevelopment Agencies (CRAs) allow local governments to … Continue reading Community Redevelopment Agencies
Special District Spending Priorities and Political Entrepreneurship
By Matt Kelly and Tyler Worthington Special districts are small local governments created by state statute or local ordinance to fulfill a particular purpose in a specified geographic area. Some special districts control the mosquito population in an area, while others are in charge of things like fire protection, library administration, or utility services. Unlike … Continue reading Special District Spending Priorities and Political Entrepreneurship
Special Districts in Florida
By: Matt Kelly and Tyler Worthington Former Speaker of the U.S. House of Representatives Tip O’Neil once said, “all politics is local,” meaning that politicians must appeal to local constituents to succeed. Yet political economy is arguably most opaque and complex at local levels. Local governments have grown as numerous as they are multifaceted. Over … Continue reading Special Districts in Florida