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Business Observer Friday, Jan. 31, 2020 2 weeks ago

Report: Florida beats most states on economic outlook

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Looking back and ahead, Florida is a top state nationally.

Looking either behind or in front, Florida is in good shape.

That’s a key takeaway from the recently released 2019 edition of the Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index. Rich States, Poor States is a project of the American Legislative Exchange Council, a nonprofit think tank of state legislators focused on limited government, federalism and free markets policy.

The index analyzes each state’s economic outlook based on 15 weighted policy measures, including  top marginal personal income tax rates; top marginal corporate income tax rates; property and sales tax burdens; estate or inheritance taxes; debt service as a percentage of tax revenue; and the number of public employees per 10,000 people. The index also ranked states based on their economic performances from 2007 to 2017, looking at cumulative gross domestic product; overall gain/loss of population to other states; and nonagricultural job growth.

Florida ranked No. 8 on the outlook side and No. 13 on the past performance side. Other states to make the top 15 in both categories include Idaho, North Carolina, North Dakota, Tennessee and Utah.

 

 

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