2021 County Revenues & Expenditures: Economic Environment
Economic prosperity depends on communities with dependable basic services, but also where the quality of life encourages businesses and individuals to flourish. Maintaining and enhancing the standards that Floridians expect and deserve requires more innovative cooperation between the public and private sectors. Therefore, counties need flexible tools to develop economic strategies that target local strengths, enhance and expand employment opportunities, and maintain adequate infrastructure.
In FY 2018, Economic Environment expenditures accounted for $1,626,966,642, or 3.50% of all statewide expenditures for Florida’s counties, the third smallest expenditure category. The statewide average percentage share was equal to 3.09%, when comparing Economic Environment expenses to all expenditures on a county-by-county basis. The total per capita spending for Economic Environment expenditures was equal to $78.07 per person statewide. This represents a decrease of $72,608,742 , or 4.27% from the previous fiscal year. The total per capita spending for Economic Environment expenditures decreased by $4.90, or 5.91% from the previous fiscal year.
The majority of Economic Environment spending was concentrated within two expenditure categories statewide: Industry Development as well as Housing and Urban Development. These two categories accounted for about 81% of total Public Safety spending, $63.49 in per capita expenditures for FY 2018. Nearly half of all Economic Environment expenditures (44.07%) were spent on Industry Development. The total per capita spending for Industry Development expenditures was $34.40. Industry Development expenditures account for costs associated with the promotion of tourism, urban growth, and business opportunities.
Housing and Urban Development expenditures accounted for the second highest expenditure category at 37.27%, while Other Economic Environment expenditures followed at 12.38% of statewide Economic Environment expenditures.
Housing and Urban Development expenditures accounted for the second highest expenditure category at 37.27%, while Other Economic Environment expenditures followed at 12.38% of statewide Economic Environment expenditures.
The total per capita spending for Housing and Urban Development expenditures was $29.09 and $9.67 for Other Economic Environment expenditures. Housing and Urban Development expenditures account for costs associated with county governments’ role in planning and providing public or affordable housing.
The expenditure categories of Employment Development and Veterans Services spending collectively accounted for 6.29% of the total Economic Environment expenditures. The total per capita spending for Employment Development and Veterans Services was $4.21 and $0.70 respectively.
The expenditure categories of Employment Development and Veterans Services spending collectively accounted for 6.29% of the total Economic Environment expenditures. The total per capita spending for Employment Development and Veterans Services was $4.21 and $0.70 respectively.