Review of Federal Funding to Florida - Office of Economic ...

More documents

Recommendations

Info

Office of Economic and Demographic Research Considering Florida’s large elderly and retiree populations, these rankings should come as no surprise. According to state population projections produced by the U.S. Census Bureau, Florida’s elderly population, defined as age 65 years and over, will total 3.4 million in 2010 and account for 8.5 percent of the nation’s total elderly population of 40.2 million. The elderly will constitute nearly 18 percent of the state’s total population in 2010. Relative to other age groupings, the proportion of the states’ total population defined as elderly is projected to be greater in Florida than in any other state. The next largest category of federal direct expenditure was direct payments for individuals other than for retirement and disability. This category includes such items as Medicare, Excess Earned Income Tax Credits, Unemployment Compensation, and the Supplemental Nutrition Assistance Program. These payments to Florida totaled $50.7 billion, or $2,733 per capita, and accounted for 29 percent of the state’s total federal direct expenditures. Florida had the 3 rd largest expenditure total of the fifty states, unchanged from 2008, and ranked 14 th on a per capita basis, down from 9 th in 2008. Federal grant obligations to Florida totaled $32.0 billion, or $1,725 per capita, and represented 18 percent of total federal direct expenditures to the state. Florida had the 4 th largest obligations total of the fifty states, up from 7 th in 2008; and the state ranked 48 th on a per capita basis, up from 50 th in 2008. As a result of the American Recovery and Reinvestment Act of 2009, federal grant obligations to Florida increased nearly $12 billion from $20.2 billion in 2008. The value of procurement contract obligations totaled $18.5 billion, or $1,000 per capita, and accounted for 11 percent of the state’s total federal direct expenditures. Florida had the 6 th largest obligations total of the fifty states, unchanged from 2008, and ranked 29 th on a per capita basis, up from 32 nd in 2008. The smallest category of federal direct expenditures to Florida was salaries and wages. Such payments totaled $12.2 billion, or $659 per capita, and accounted for 7 percent of total federal direct expenditures to the state. Florida had the 7 th largest expenditure total of the fifty states, down from 5 th in 2008; and the state ranked 35 th on a per capita basis, unchanged from 2008. Other Financial Assistance to Florida Other financial assistance consists of the face value of federal insurance coverage as well as the dollar volume of federal guaranteed and direct loans. Other financial assistance to Florida totaled $498 billion or $26,839 per capita. The state ranked first among the fifty states in both total and per capita assistance due to the significant face value of flood insurance coverage provided to Florida, which constituted 95 percent of total other financial assistance provided to the state. The total amounts of other federal assistance to Florida are summarized below: Face Value of Insurance Coverage Total: $473 billion; Rank: 1 st (1 st in 2008) Per Capita: $25,501; Rank: 1 st (1 st in 2008) Dollar Volume of Guaranteed Loans Total: $22.7 billion; Rank: 4 th (3 rd in 2008) Per Capita: $1,224; Rank: 45 th (41 st in 2008) ii Review of Federal Funding to Florida in Fiscal Year 2009
Office of Economic and Demographic Research Dollar Volume of Direct Loans Total: $2.1 billion; Rank: 7 th (16 th in 2008) Per Capita: $115; Rank: 36 th (42 nd in 2008) Florida Compared to the Most Populous States The U.S. Census Bureau reported that the federal direct expenditures (i.e., direct payments for individuals for retirement and disability, direct payments for individuals other than for retirement and disability, grants, procurement contracts, and salaries and wages) to the fifty states totaled $3.14 trillion in 2009, up from $2.70 trillion in 2008. The combined federal direct expenditures to the seven most populous states of California, Texas, New York, Florida, Illinois, Pennsylvania, and Ohio, totaled $1.30 trillion or 42 percent of the fifty states’ total. The total federal direct expenditures of the seven most populous states are as follows: 1. California: $346 billion 2. Texas: $227 billion 3. New York: $195 billion 4. Florida: $176 billion 5. Pennsylvania: $136 billion 6. Illinois: $116 billion 7. Ohio: $108 billion However, as illustrated below, the states’ respective rankings change when controlling for population differences. The per capita federal direct expenditures of these same seven states are as follows: 1. Pennsylvania: $10,936 (1 st in 2008) 2. New York: $9,978 (2 nd in 2008) 3. Florida: $9,477 (4 th in 2008) 4. California: $9,360 (5 th in 2008) 5. Ohio: $9,354 (6 th in 2008) 6. Texas: $9,164 (3 rd in 2008) 7. Illinois: $8,990 (7 th in 2008) Florida’s Receipt of Federal Grants Federal grants continue to be significant sources of revenue. Among other things, they are used by state and local governments to provide necessary infrastructure and services to their residents. Federal grant expenditures (i.e., actual outlays) to the fifty states totaled $532 billion in fiscal year 2009. Although federal grant obligations to Florida totaled $32.0 billion in 2009, all those monies have not yet been expended. Actual federal grant expenditures to our state and local governments totaled $22.7 billion, or $1,224 per capita. Florida had the 4 th largest federal grants expenditure of the fifty states, unchanged from 2008, and the state ranked 48 th on a per capita basis, down from 46 th . The grant funding received from six federal departments (Health and Human Services, Education, Transportation, Housing and Urban Development, Agriculture, and Homeland Security) totaled $21.9 billion and accounted for 96 percent of all grants expenditures to Florida. Summaries of these grant expenditures to Florida, as well as some of the more well-known program categories within these departments, are listed below: Health and Human Services Grants Total: $13.6 billion; Rank: 5 th (5 th in 2008) Per Capita: $732; Rank: 46 th (46 th in 2008) • Administration for Children and Families • Centers for Medicare and Medicaid Services Review of Federal Funding to Florida in Fiscal Year 2009 iii
Page 1: Review of Federal Funding to Florid
Page 6 and 7: Office of Economic and Demographic
Page 54 and 55:
Office of Economic and Demographic
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
show all

Review of Federal Funding to Florida - Office of Economic ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?