Economy
Palm Beach County home sales see higher prices in 2024 but market may be balancing
Mortgage rates increased for the third consecutive week as of Feb. 22 with a 30-year fixed rate mortgage hitting 6.9%, according to Freddie Mac. Read More.
Palm Beach County draws in record number of visitors
The numbers are in and Discover the Palm Beaches is reporting a record-breaking year for people visiting Palm Beach County. Read More.
Florida CFO Jimmy Patronis visits Lake Worth Beach, says insurance help coming
Florida's chief financial officer visited Lake Worth Beach to promote the My Safe Florida Home program and to say more money for homeowners is on the way. Read More.
Florida House Committee Greenlights $647.3M Tax Cut Package, Sparks Debate on Future of Tourism Projects
Florida's tax-cut package offers business rent tax reduction and sales-tax holidays but imposes limits on tourist-development taxes, sparking debate on economic impacts. Read More.
IG report: Improper sale of ATVs, unlicensed contractor among $2.5 million that cost taxpayers
The Inspector General's office says it is still underfunded as some municipalities refuse to provide any operating funds. Only 27 of the 40 positions are filled. Read More.
$10,000 grant to stormproof your home won’t be ‘first-come, first-serve’ anymore
Another $100 million is headed to the My Safe Florida Home program, but this time, state officials have arranged for low- and moderate-income homeowners to get in line first. Read More.
Palm Beach International Airport receives funds as part of $112M grant to 10 FL airports
Palm Beach International Airport (PBI) is one of 10 airports in Florida that will a receive portion of a $112 million Bipartisan Infrastructure Law aimed at improving travel quality. Read More.
Florida Sports Betting Fight Goes to U.S. Supreme Court
Saying the case holds “massive importance for the future of online gaming across the country,” two pari-mutuel companies have asked the U.S. Supreme Court to block a 2021 deal giving the Seminole Tribe control over sports betting in Florida. Read More.
Florida gas prices decline, while gas in West Palm Beach-Boca Raton is expensive
Florida's average gas price is now on a 10-day streak of declines, falling a total of 13 cents per gallon, the American Automobile Association said. Read More.
Poll: Majority of Floridians know someone suffering from affordable housing crisis
A new Mason-Dixon poll shows most Floridians want local governments to act on the affordable housing crisis in the state. Read More.
Florida program that could help lower home insurance costs gets approved for more funding
The Florida Senate unanimously cleared a bill Wednesday to put $100 million into the “My Safe Florida Home” program, which could help people lower their home insurance costs. Read More.
Florida Congressman Buchanan Proposes Tax-Free Health Savings Accounts for Caregivers
Florida Republican Congressman Vern Buchanan is introducing legislation that would allow individuals to use tax-free health savings accounts and flexible spending accounts on medical expenses for their parents and loved ones. Buchanan says this would help lower the cost for caregivers. Read More.
Florida Huddle 2024: Celebrating tourism successes, with highest attendance ever
With the largest attendance ever – with 728 buyers, suppliers, travel operators and wholesalers – Florida Huddle 2024 opened at the Miami Beach Convention Centre last night with Latin rhythms matching the joyous energy of the attendees. Read More.
Points and Rewards Travel: A Driving Force for Florida’s Economy
Points and rewards travel stands as a significant catalyst for economic activity across various regions, including the dynamic state of Florida. Read More.
Florida Gov. DeSantis Announces $223 Million Investment To Expand Rural Broadband Access
Florida Governor Ron DeSantis awarded nearly $223 million Friday to expand broadband internet access to Floridians, including small and rural communities. Read More.
