Two 15-year scenarios were analyzed using the REMI Policy Insight 9.5 model in order to identify opportunities for cost savings and ways to modernize Florida’s tax policy so as to create a fairer economy while generating additional revenue. The first scenario assumed that all additional revenues gathered from sales tax were routed to the state government for general revenue appropriation purposes. The second scenario assumed that all additional revenues were allocated to the state government and appropriated for education purposes. The second scenario was found to be slightly more beneficial in every category for the state of Florida, with both scenarios boasting significant economic impact overall.
