2013 Florida Legislative Overview FLORIDA ADVOCACY DAYS LEGISLATIVE BRIEFING TRINITY UNITED METHODIST CHURCH April 8, 2013 Presented by Ted Granger, President United Way of Florida, Inc. 1

Money - Post War U.S. Recessions Peak to Trough % Length of Recession in Months Real GDP Industrial Production Payroll Employment 2007 to %-17.88%-5.47% 2001 to %-5.80%-2.10% 1990 to %-4.30%-1.50% 1981 to %-10.30%-3.20% 1980 to %-6.90%-1.30% 1973 to %-12.80%-2.80% 1969 to %-7.50%-1.40% 1960 to %-7.80%-2.30% 1957 to %-12.70%-4.00% 1953 to %-9.10%-3.30% 1948 to %-7.70%-4.40% Avg. for prev. recessions %-8.50%-2.60% 2 2

Percent Job Losses in Post WWII Recessions, August 3 Source: Calculated RISK Finance & Economics, September

Florida Economy Population 4 4

Florida Economy - Population Source: Bureau of Economic & Business Research, UF, May 11,

Florida Economy - Population Source: Bureau of Economic & Business Research, UF, June

Florida Economy - Population Avg. Ann. Pop. Grwth 318,

Florida Economy – Population Growth by Age Group 8 Source: Office of Economic & Demographic Research, December

Florida Economy Economy Looking Up 9 9

Home Sales Continue Improving Existing Single-Family Homes – 11/  +24.4% US % 8 months consecutive increase  +14.1% - Median Sales Prices $154,000  +10.6% - Average Sales Price $223,301 Condo Sales  +18.3%  +20.2% - Median Sales Prices 10 Source: Florida Realtors, December 2012; January

Home Sales 11 Source: Office of Economic & Demographic Research, December

Tourism Rocks! New Tourism Records 2012  Total Tourism Spending – Record  Total State Sales Tax Revenues from Tourism  Number of Persons Employed 12 Source: Visit Florida, December

National Jobs Lost & Recovered U.S.Recession Job Losses Regained Jobs Low-Wage ($ $13.83 / $15,995 - $28,766) 21%58% Mid-Wage ($ $21.13 / $28,787 - $43,950) 60%22% High-Wage ($ $54.54 / $43,971 - $113,443) 19%20% 13 Source: National Employment Law Project, The Low-Wage Recovery and Growing Inequality, August

Florida Budget 14

General Revenue Outlook ($ millions) FY FY Total Funds Available 25, , Total Estimated Expenditures 27, , Ending Balance -2, , Source: Legislative Budget Commission, September

General Revenue Outlook ($ millions) FY * FY FY Total Funds Available** 27, , ,541.3 Total Estimated Expenditures 27, , ,947.3 Ending Balance Updated December, 2012 All GR – recurring, nonrecurring, roll-over Source: Legislative Budget Commission, Fall 2012 Report 16

No Budget Shortfall??? Budget: “Flat” Flat is good! Budget surplus: first in 5 years 17

Florida GR History 18 Source: Office of Economic & Demographic Research, December

Florida GR Budget Source: The Florida Legislature 19

Florida GR Budget Program Area (Section of General Appropriations Act)DollarsPercent Education12, % Human Services7, % Judicial Branch % Criminal Justice and Corrections3, % Natural Resources/ Environment/ Growth Mgmt./ Transportation % General Government % Total24, % Source: The Florida Legislature 20

Florida Budget Source: The Florida Legislature 21

Florida Budget Program Area (Section of General Appropriations Act)DollarsPercent Education 20, % Human Services 29, % Judicial Branch % Criminal Justice and Corrections 4, % Natural Resources/ Environment/ Growth Mgmt./ Transportation 11, % General Government 3, % Total70, % Source: The Florida Legislature 22

Florida GR Revenue Sources Source: FL Revenue Estimating Conf.; 2012 Florida Tax Handbook 23

2013 Legislative Session Overview Thanks! 24