Economy

Wrapping up your back-to-school shopping? It's tax savings time

Summer is nearly over, school supply lists are out and Florida's sales tax holiday runs Friday through Sunday, giving all shoppers a break from the 6.5 percent added to store receipts.

That break is limited, but the limits have been raised this year: clothing that costs $75 or less, up from $50 last year; and school supplies up to $15, up from $10. Books, however, have been removed from tax-exempt status.

UF survey: Consumer Sentiment registers modest increase in July

GAINESVILLE, Fla. — Increased optimism about making major purchases played a significant role in Consumer Sentiment rising two points in July to 68, according to a new University of Florida survey.

Four of the five components that make up the index increased or remained unchanged. The biggest improvement was in confidence to purchase big-ticket items such as cars and appliances which rose five points to 77.

Debt crisis frustrates area residents

WASHINGTON — With the clock ticking down, our leaders still haven't cut a deal on the debt ceiling. Boynton Beach retiree Gerald Levine, 80, believes he knows exactly who's to blame. The problem is: it's a long list.

"If I had my druthers, I'd fire everybody in Washington," he said Wednesday. "Here we are, two weeks away from a default, which would be an economic disaster of immeasurable proportion, and they think it's a joke."

Republicans in Washington, Tallahassee push tax breaks to create Florida jobs

WASHINGTON ——

Gov. Rick Scott and Florida Republicans in Congress are betting that tax breaks and government spending cuts will spark widespread hiring in their job-starved state.

Florida consumers' funk hurts economy

Florida's consumers are financially queasy.

For two years, they have bobbed along in a sea of anxiety. Shaken by job losses and sagging home values, their unease is reflected in the monthly Consumer Sentiment reports produced by the University of Florida's Survey Research Center.

Smaller checks for government workers

State budget cuts will begin draining millions of dollars out of the local economy this month as government employees see their paychecks shrink.

The average government worker in Sarasota, Manatee and Charlotte counties will lose $1,151 annually as the state, for the first time since 1974, requires workers to help cover their own pension costs.

Consumer Sentiment falls again amid likely worries about Social Security, Medicare

GAINESVILLE, Fla. — Consumer Sentiment among Floridians declined for the fourth time in five months — falling to 66 in June — as the U.S. economy continues to sputter, according to a new University of Florida survey.

UF study sees million-plus in Lee

More than 1 million people are projected to be living in Lee County within 25 years, according to a study released Monday by the University of Florida.

That revelation comes even though the statistics show that the state’s population growth has slowed to its lowest level in more than 60 years.

Still, said Stan Smith, director of the university’s Bureau of Economic and Business Research, “there still will be pretty substantial growth.”

UF: Florida’s Consumer Sentiment stays level for first time in months

GAINESVILLE, Fla. — Consumer Sentiment among Floridians remained at 68 in May, ending three consecutive months of decline, according to a new University of Florida survey.

Syndicate content