Economic Impact of Centers and Institutes in Florida’s Public Universities Tim Lynch, Ph.D., Director Julie Harrington, Ph.D., Asst. Dir. Center for Economic

Economic Impact of Centers and Institutes in Floridas Public Universities

Tim Lynch, Ph.D., DirectorJulie Harrington, Ph.D., Asst. Dir.Center for Economic Forecasting and AnalysisFlorida State Universitywww.cefa.fsu.edu

September 24, 2002

Old Economy

Goods

ServicesProductivity

Profits

Low cost productionStrong economy

Goods

ServicesHigher productivityHigher wagesHigher quality of life

Higher profits

More resilient economyHigher efficiencyHigher wealthNew Economy

Overview of Floridas Centers and Institutes (C/Is)

For fiscal year 2001, there were 512 C/Is located at 10 Universities in Florida (FSU, FAMU, UF, FIU, UCF, FGCU, FAU, UNF, USF and UWF). The C/Is are categorized by type center (1,2 or 3) based on their budgetary support and overall mission.

Our projects objective is to respond to an overall legislative charge to evaluate the return on the states investment in centers and institutes in Floridas public universities. The project, still in development, has conducted a comprehensive survey (52.2% response rate) as a means to quantify intangible benefits of C/Is, has completed statistical and economic analyses,and is conducting on-site interviews of C/Is. The economic analysis of C/Is was performed using REMI.

Percentage of C/I Activities

Percentage of C&I Activities2000-01

Areas of Principle Concern Addressed by C&I ActivitiesMaternal/Child Health and Child Development IssuesEconomy/Business/TransportationElderly/AgingEnvironmental/Ecology/EnergyGovernance/Law/RaceHealthcare/MedicineSchools/EducationCommunity/State/National/International Outreach

C/I Model Framework (Basic Assumptions)

As part of our modeling strategy, we examined two scenarios, the revenue and expenditure approach regarding the impact of C/Is on the Florida economy.The base model assumed a constant rate of growth for the economy.The revenue approach model used: data for fiscal year 2001 for type 1,2,3 Total; SUS state investment = $88.8 million; The state investment leverages an additional $212.71 million in contracts and grants, fees (auxillary) and private funding, yielding a total of $301.5 million. The expenditure approach provided a greater level of detail, where actual fiscal year 2001 C/I expenditures (by category; salaries, expenses, etc.) were entered into the model.We assumed that, in the absence of SUS C/Is, the SUS investment ($88.8 million) will be reallocated to other higher educational activities. REMI results will be expressed in terms of impacts on GRP, employment, personal (disposable) income and state tax revenues.

Percent of University Expenditures for SUS C/Is for Fiscal Year 2001

Chart1

122089470.355626

20959645.3930537

2900083.07485638

20684569.580751

84181085.5331935

36277955.1364269

13819103.9237512

577076.00234124

Total

Breakout by Source

SUS breakouts by Budget Category

SalariesSpecial Cat.ElectricalOperatingExpensesOtherGraduate (Sal)House Staff (Sal)Total

SUS$50,221,513$7,237,254$2,550,269$5,475,713$14,442,622$4,802,948$3,104,799$5,737$87,840,855

C&G$64,729,240$14,690,081$398,490$12,340,715$59,014,004$28,539,358$10,731,437$556,046$190,999,371

Fees$6,659,421$154,536$16,260$499,130$10,137,851$4,937,462$295,378$19,112$22,719,150

Private$3,922,160$436,749$0$1,424,629$4,047,132$1,123,620$481,291$31,362$11,466,943

Total$125,532,334$22,518,620$2,965,019$19,740,187$87,641,609$39,403,388$14,612,905$612,257$313,026,319

NumbersFacultyAPSTotal

SUS450388842

C&G5775951,179

Fees41122164

Private373371

Grand Total2,256

CostsPersonnelNon-PersonnelTotal Costs

SUS$58,134,997$29,705,857$87,840,854

C&G$104,556,081$86,443,290$190,999,371

Fees$11,911,373$10,807,778$22,719,150

Private$5,558,434$5,908,510$11,466,944

Grand Total$313,026,319

SalariesSpecial Cat.ElectricalOperatingExpensesOtherGraduate (Sal)House Staff (Sal)Total

Total$125,532,334$22,518,620$2,965,019$19,740,187$87,641,609$39,403,388$14,612,905$612,257$313,026,319

C/Is ExpendituresSUSC&G + FeesPrivateTotalC/Is ExpendituresTotal

Salaries$50,870,097$60,435,197$10,784,176$122,089,470Salaries$122,089,470

Special Cat.$7,237,254$12,521,528$1,200,863$20,959,645Special Cat.$20,959,645

Electrical$2,550,269$349,814$0$2,900,083Electrical$2,900,083

Operating$5,532,500$11,234,981$3,917,089$20,684,570Operating$20,684,570

Expenses$14,614,511$58,438,782$11,127,793$84,181,086Expenses$84,181,086

Other$4,855,875$28,332,631$3,089,450$36,277,955Other$36,277,955

Graduate (Sal)$3,116,185$9,379,585$1,323,334$13,819,104Graduate (Sal)$13,819,104

House Staff (Sal)$5,737$485,108$86,231$577,076House Staff (Sal)$577,076

Total$88,782,428$181,177,625$31,528,936$301,488,989Total$301,488,989

Breakout by Source

0

0

0

0

0

0

0

0

Total

0

0

0

0

0

0

0

0

Total

C/Is Expenditures by Source for Fiscal Year 2001

C/I Models For REMI WorkshopRevenue vs. Expenditure ModelsFour Expenditure ScenariosUsing C/I Employment NumbersUsing C/I Salary DataUsing C/I Employment Numbers and Detailed Sector DataUsing C/I Employment Numbers and Final Sales REMI Tax Results vs. CEFA Tax Results

REMI Inputs For Revenue and Expenditure Models

REMI Expenditure Approach Policy Variable and Value Detailed Breakout

Sheet1

University C/I's Expenditure CategoriesSectorDetail2001 Data

Special Category, computer and data processing componentoutput block; Demandcomputer and data processing-12

Libraries component of special categoryoutput block; Demandmisc. business services-0.5

Libraries component of special categoryoutput block; Demandreal estate-0.5

Libraries component of special categoryoutput block; Demandcredit and finance-0.2

Libraries component of special categoryoutput block; Demandcommunication-0.2

Libraries component of special categoryoutput block; Demandother transportation-0.01

Libraries component of special categoryoutput block; Demandprinting-0.2

Libraries component of special categoryoutput block; Demandelectrical equipment-0.1

Electrical componentoutput block; Demandelectric utilities-0.35

Operating Expensesoutput block; Demandoffice & computing equipment-15.152

Expenses categoryoutput block; Demandcomputer and data processing-20.87

Expenses categoryoutput block; Demandrepairs to buildings-6.96

Expenses categoryoutput block; Demandresearch and testing services-6.96

Expenses categoryoutput block; Demandlocal & interurban transit-3.48

Expenses categoryoutput block; Demandair transportation-3.48

Expenses categoryoutput block; Demandmisc. business services-27.83

Other category; subcontracts primarilyoutput block; Demandlegal services-10.5

Other category; subcontracts primarilyoutput block; DemandA&E services-10.5

Other category; subcontracts primarilyoutput block; Demandresearch and testing services-10.5

Salaries categoryLabor and Capital Demand;EmploymentEducation-1.156

Salaries categoryLabor and Capital Demand;EmploymentMedical-0.001

Salaries categoryLabor and Capital Demand;EmploymentMisc. Bus-0.166

Salaries categoryLabor and Capital Demand;EmploymentMisc. Prof-0.09

Expenditure REMI Model, using Intermediate DemandSectorDetailDollars and Numbers

By Employment Numbers for Center and InstitutesLabor and Capital Demand; EmploymentEducation-1.156(in thousands)

Labor and Capital Demand; EmploymentMedical-0.001(in thousands)

Labor and Capital Demand; EmploymentMisc. Bus-0.166(in thousands)

Labor and Capital Demand; EmploymentMisc. Prof-0.090(in thousands)

Special Categoryoutput block; intermediate demandcomputer and data processing-12.000(dollars in millions)

For Libraries component of special categoryoutput block; intermediate demandMisc. Business Services-1.710(dollars in millions)

output block; intermediate demandElectric Utilities-0.350(dollars in millions)

Expenses Categoryoutput block; intermediate demandMisc. Business Services-69.570(dollars in millions)

Other Categoryoutput block; intermediate demandMisc. Professional Services-31.400(dollars in millions)

Operating Categoryoutput block; intermediate demandComputer and office equipment-15.152(dollars in millions)

Sheet2

Sheet3

Revenue and Expenditure Approach ResultsRevenue ApproachExpenditure Approach Using Broader Sector Categories and Salary Data (Salary Model)

REMI $213 PCE Adj

REMI Revenue Approach using $213 million (total = $301 million with state investment = $88.8 million reinvested in higher education)

Years2000200120022003200420052006200720082009201020112012201320142015

Employment (Thous)0-6.320.09570.19040.17580.14840.11820.085940.055660.028320.006836-0.01074-0.02344-0.03027-0.03418-0.03613

GRP (Bil Fixed 92$)0-0.28410.0021060.0073850.0074160.0066530.0054630.004150.0028690.0018310.0008545-0.0001221-0.0007324-0.001099-0.001526-0.001526

Real Disp Pers Inc (Bil Fixed 92$)0-0.129-0.006836-0.002258-0.002106-0.002136-0.002441-0.002594-0.003021-0.003235-0.00351-0.003754-0.003723-0.003754-0.003876-0.003571

PCE-Price Index (Fixed 92$)0-0.01019-0.00322-0.001724-0.0008316-0.00028990.00E+000.00012210.00021360.00018310.00012216.10E-051.53E-05-4.58E-05-1.53E-05-4.58E-05

State Revenues at State Average Rates-0.004577-0.02868-0.006005-0.00506-0.005054-0.005114-0.005242-0.005399-0.005582-0.005698-0.005847-0.005989-0.006091-0.006178-0.006283-0.00635

Years20162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)-0.04004-0.03613-0.03223-0.02832-0.02832-0.02539-0.02441-0.01953-0.0166-0.01563-0.007813-0.007813-0.005859-0.0019530.00097660.0019530.0029300.0019530

GRP (Bil Fixed 92$)-0.001587-0.001587-0.001404-0.001282-0.00116-0.0009155-0.0009766-0.0007324-0.0005493-0.0006714-0.0001831-0.0002441-0.00012210.00012210.00030520.00024410.000366200.00024410.0003052

Real Disp Pers Inc (Bil Fixed 92$)-0.00351-0.003326-0.003021-0.002563-0.002319-0.002319-0.001831-0.00177-0.001648-0.001587-0.00116-0.001404-0.001404-0.001282-0.0009766-0.0008545-0.001221-0.001648-0.001465-0.001526

PCE-Price Index (Fixed 92$)-3.05E-051.53E-053.05E-05-4.58E-05-9.16E-05-4.58E-05-0.0001984-0.0002136-0.0002289-0.0002747-0.000351-0.0003357-0.0003357-0.0003967-0.0004425-0.0005035-0.000473-0.0004425-0.0005341-0.0005951

State Revenues at State Average Rates-0.006445-0.006512-0.00657-0.006627-0.006668-0.006714-0.006692-0.006713-0.006783-0.006823-0.006819-0.006961-0.007093-0.007199-0.007279-0.007396-0.00757-0.007767-0.007882-0.008034

With PCE Index Adjusted

Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.28949790.0021460140.0075253150.0075569040.0067794070.0055667970.004228850.0029235110.0018657890.0008707355-0.0001244199-0.0007463156-0.001119881-0.001554994-0.001554994


PCE-Price Index (Fixed 92$)0-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.02E+00-1.02E+00-1.02E+00-1.02E+00-1.02E+00


Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.001587-0.001617153-0.001430676-0.001306358-0.00118204-0.0009328945-0.0009951554-0.0007463156-0.0005597367-0.0006841566-0.0001865789-0.0002487379-0.00012441990.00012441990.00031099880.00024873790.000373157800.00024873790.0003109988


PCE-Price Index (Fixed 92$)-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019


Employ (thous), GRP (mil), Disp Pers Inc (mil)

Years2000200120022003200420052006200720082009201020112012201320142015

Employment (Thous)0-6,32095.7190.4175.8148.4118.285.9455.6628.326.836-10.74-23.44-30.27-34.18-36.13

GRP (Bil Fixed 92$)0-0.28949790.0021460140.0075253150.0075569040.0067794070.0055667970.004228850.0029235110.0018657890.0008707355-0.0001244199-0.0007463156-0.001119881-0.001554994-0.001554994


PCE-Price Index (Fixed 92$)0-1.019-1.019-1.019-1.019-1.019-1.02E+00-1.019-1.019-1.019-1.019-1.02E+00-1.02E+00-1.02E+00-1.02E+00-1.02E+00


Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.001587-0.001617153-0.001430676-0.001306358-0.00118204-0.0009328945-0.0009951554-0.0007463156-0.0005597367-0.0006841566-0.0001865789-0.0002487379-0.00012441990.00012441990.00031099880.00024873790.000373157800.00024873790.0003109988


PCE-Price Index (Fixed 92$)-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019


YearJobsGRPDis IncomeGRP (Mill)Disp income

200000000

2001-6,320-0.2894979-0.131451-289,497,900-131,451,000

200295.70.002146014-0.0069658842,146,014-6,965,884

2003190.40.007525315-0.0023009027,525,315-2,300,902

2004175.80.007556904-0.0021460147,556,904-2,146,014

2005148.40.006779407-0.0021765846,779,407-2,176,584

2006118.20.005566797-0.0024873795,566,797-2,487,379

200785.940.00422885-0.0026432864,228,850-2,643,286

200855.660.002923511-0.0030783992,923,511-3,078,399

200928.320.001865789-0.0032964651,865,789-3,296,465

20106.8360.0008707355-0.00357669870,736-3,576,690

2011-10.74-0.0001244199-0.003825326-124,420-3,825,326

2012-23.44-0.0007463156-0.003793737-746,316-3,793,737

2013-30.27-0.001119881-0.003825326-1,119,881-3,825,326

2014-34.18-0.001554994-0.003949644-1,554,994-3,949,644

2015-36.13-0.001554994-0.003638849-1,554,994-3,638,849

2016-40.04-0.001587-0.00351-1,587,000-3,510,000

2017-36.13-0.001617153-0.003389194-1,617,153-3,389,194

2018-32.23-0.001430676-0.003078399-1,430,676-3,078,399

2019-28.32-0.001306358-0.002611697-1,306,358-2,611,697

2020-28.32-0.00118204-0.002363061-1,182,040-2,363,061

2021-25.39-0.0009328945-0.002363061-932,895-2,363,061

2017-24.41-0.0009951554-0.001865789-995,155-1,865,789

2018-19.53-0.0007463156-0.00180363-746,316-1,803,630

2019-16.6-0.0005597367-0.001679312-559,737-1,679,312

2020-15.63-0.0006841566-0.001617153-684,157-1,617,153

2021-7.813-0.0001865789-0.00118204-186,579-1,182,040

2022-7.813-0.0002487379-0.001430676-248,738-1,430,676

2023-5.859-0.0001244199-0.001430676-124,420-1,430,676

2024-1.9530.0001244199-0.001306358124,420-1,306,358

20250.97660.0003109988-0.0009951554310,999-995,155

20261.9530.0002487379-0.0008707355248,738-870,736

20272.930.0003731578-0.001244199373,158-1,244,199

202800-0.0016793120-1,679,312

20291.9530.0002487379-0.001492835248,738-1,492,835

203000.0003109988-0.001554994310,999-1,554,994

20311.9530.0002487379-0.0008707355248,738-870,736

20322.930.0003731578-0.001244199373,158-1,244,199

203300-0.0016793120-1,679,312

20341.9530.0002487379-0.001492835248,738-1,492,835

203500.0003109988-0.001554994310,999-1,554,994

Discounted Calculations

REMI Revenue Approach using $213 million (total = $301 million with state investment = $88.8 million reinvested in higher education)

PCE Price Index Adjusted for GRP and IncomeYEAR #1234567891011121314151617181920212223242526272829303132333435

YearsTOTALS200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)5,8320-6.320.09570.19040.17580.14840.11820.085940.055660.028320.006836-0.01074-0.02344-0.03027-0.03418-0.03613-0.04004-0.03613-0.03223-0.02832-0.02832-0.02539-0.02441-0.01953-0.0166-0.01563-0.007813-0.007813-0.005859-0.0019530.00097660.0019530.0029300.0019530

GRP (Bil Fixed 92$)0-0.28949790.0021460140.0075253150.0075569040.0067794070.0055667970.004228850.0029235110.0018657890.0008707355-0.0001244199-0.0007463156-0.001119881-0.001554994-0.001554994-0.001587-0.001617153-0.001430676-0.001306358-0.00118204-0.0009328945-0.0009951554-0.0007463156-0.0005597367-0.0006841566-0.0001865789-0.0002487379-0.00012441990.00012441990.00031099880.00024873790.000373157800.00024873790.0003109988

Real Disp Pers Inc (Bil Fixed 92$)0-0.131451-0.006965884-0.002300902-0.002146014-0.002176584-0.002487379-0.002643286-0.003078399-0.003296465-0.00357669-0.003825326-0.003793737-0.003825326-0.003949644-0.003638849-0.00351-0.003389194-0.003078399-0.002611697-0.002363061-0.002363061-0.001865789-0.00180363-0.001679312-0.001617153-0.00118204-0.001430676-0.001430676-0.001306358-0.0009951554-0.0008707355-0.001244199-0.001679312-0.001492835-0.001554994

PCE-Price Index (Fixed 92$)0-1.019-1.019-1.019-1.019-1.019-1.02E+00-1.019-1.019-1.019-1.019-1.019-1.02E+00-1.02E+00-1.02E+00-1.02E+00-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019-1.019

State Revenues at State Average Rates-0.004577-0.02868-0.006005-0.00506-0.005054-0.005114-0.005242-0.005399-0.005582-0.005698-0.005847-0.005989-0.006091-0.006178-0.006283-0.00635-0.006445-0.006512-0.00657-0.006627-0.006668-0.006714-0.006692-0.006713-0.006783-0.006823-0.006819-0.006961-0.007093-0.007199-0.007279-0.007396-0.00757-0.007767-0.007882-0.008034

FORMULA EST2001 DOLLARS

GRP IN FIXED 2001 $NPV GRP 2001$$256,344,236$265,119,353$289,497,900$(2,146,014)$(7,525,315)$(7,556,904)$(6,779,407)$(5,566,797)$(4,228,850)$(2,923,511)$(1,865,789)$(870,736)$124,420$746,316$1,119,881$1,554,994$1,554,994$1,587,000$1,617,153$1,430,676$1,306,358$1,182,040$932,895$995,155$746,316$559,737$684,157$186,579$248,738$124,420$(124,420)$(310,999)$(248,738)$(373,158)0.0$(248,738)$(310,999)

REAL DISPOS PERS INCOME (FIXED 2001 $)NPV DISP INC 2001$$183,850,325$216,623,762$131,451,000$6,965,884$2,300,902$2,146,014$2,176,584$2,487,379$2,643,286$3,078,399$3,296,465$3,576,690$3,825,326$3,793,737$3,825,326$3,949,644$3,638,849$3,510,000$3,389,194$3,078,399$2,611,697$2,363,061$2,363,061$1,865,789$1,803,630$1,679,312$1,617,153$1,182,040$1,430,676$1,430,676$1,306,358$995,155$870,736$1,244,199$1,679,312$1,492,835$1,554,994

AVG NPV 2001$ / JOB$31,526

Price index increasing 1992$ to 2001$

Real Discount Rate

Discount rate and factor3.0%Dollars0.970.940.920.890.860.840.810.790.770.740.720.700.680.660.640.620.610.590.570.550.540.520.510.490.480.460.450.440.420.410.400.390.380.370.36

Discounted GRP$256,344,236$281,065,922$(2,022,824)$(6,886,729)$(6,714,211)$(5,847,976)$(4,662,105)$(3,438,442)$(2,307,847)$(1,429,972)$(647,909)$89,884$523,451$762,584$1,028,034$998,091$988,966$978,404$840,371$744,998$654,467$501,477$519,364$378,152$275,353$326,757$86,516$111,979$54,381$(52,797)$(128,127)$(99,492)$(144,911)0.0$(91,049)$(110,524)

Discounted Real Disposable Income$183,850,325127,622,3306,566,0142,105,6511,906,7061,877,5402,083,1412,149,2332,430,1172,526,4662,661,3932,763,4972,660,8512,604,8612,611,1802,335,6392,187,3162,050,5181,808,2351,489,4141,308,3701,270,262973,741913,884826,110772,361548,106644,075625,315554,348409,991348,283483,169633,145546,445552,619

Employment (Thousands)5,832

BLS CPI

1992 level141.9

2001 level176.6

Difference

REMI and $213 Tax Yield

APPENDIX 2

Total Employment (full and part time jobs)Total Wages Paid

Average EarningsTotalWage & Salary

Wage & Salary JobsTotalWage & Salary(dollars)

19937,653,51524,66123,411188,743,343,470179,176,449,210

19947,809,71025,16023,800196,940,156,467189,664,375,993

19957,969,09124,71323,800

19968,131,72625,65923,800158630146660

19978,297,680

19988,467,020

19998,639,816

20008,769,689

% CHANGE98.0%98.0%98.0%98.0%98.0%98.0%98.5%3.5%1.1%1.5%1.4%1.2%1.1%1.1%0.9%0.4%0.3%0.5%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.4%0.5%0.6%0.6%0.6%0.7%0.7%0.8%0.8%0.7%

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

FLA OUTPUT 1992$353.62360.84368.20375.71383.38391.21399.19405.19418431.428445.551459.317472.276485.704498.98511.59519.298529.437539.979549.803559.516569.377579.07588.779598.845608.646618.428628.206637.887647.865657.706667.693677.665687.855699.141710.722722.702735.017747.627761.076774.837788.701802.341

FLA OUTPUT NOMINAL$451,369,504,300$477,171,160,920$503,213,304,920$531,355,211,580$560,058,997,610$588,753,429,880$619,044,319,120$650,160,960,400$681,402,068,700$706,650,332,440$735,869,780,670$766,575,787,560$797,027,416,980$828,184,392,880$860,510,847,640$893,528,172,800$927,603,651,130$963,343,986,150$999,768,006,060$1,037,332,574,360$1,076,129,442,120$1,116,021,579,720$1,157,747,712,300$1,200,537,070,040$1,244,993,721,660$1,290,809,515,350$1,338,552,072,900$1,390,143,998,760$1,444,066,281,260$1,500,589,524,720$1,559,684,023,490$1,621,341,293,550$1,686,902,121,720$1,755,269,249,580$1,825,984,781,180$1,898,226,478,260

REMI CPI111.397114116.639119.258121.933124.663127.453130.298133.193136.078138.991141.964144.966148.018151.132154.304157.547160.867164.261167.737171.302174.956178.702182.534186.462190.479194.598198.836203.183207.636212.197216.865221.647226.534231.518236.586

EMPLOYMENT (LEVELS)7,653,5157,809,7107,969,0918,131,7268,297,6808,467,0208,639,8168,769,6899,085,2369,190,1249,328,3489,459,7569,574,6399,683,6349,790,5939,883,9119,922,9559,949,3069,995,07710,025,51010,053,58110,083,47210,109,70010,137,33410,169,55810,199,58710,229,27110,259,29110,288,36610,320,69010,352,78110,387,21410,421,23510,458,92310,511,15310,569,49510,632,10910,699,14310,769,19810,848,18410,931,41811,014,87211,094,047

Personal Income (nominal)445.369468489.041514.489541.163568.62597.512627.458657.704685.475713.59742.9771.065799.569829.185859.292890.526923.856957.885993.5061030.851069.871111.7181155.0691200.8661248.5851298.9341354.9421413.6981475.8951541.2031609.7311683.7661761.071841.2311923.052

Personal Income (nominal)$388,684,080,316$396,616,408,486$404,710,620,904$412,970,021,330$421,397,980,949$429,997,939,744$438,773,407,902$445,369,000,000$468,073,000,000$489,041,000,000$514,489,000,000$541,163,000,000$568,620,000,000$597,512,000,000$627,458,000,000$657,704,000,000$685,475,000,000$713,590,000,000$742,900,000,000$771,065,000,000$799,569,000,000$829,185,000,000$859,292,000,000$890,526,000,000$923,856,000,000$957,885,000,000$993,506,000,000$1,030,850,000,000$1,069,870,000,000$1,111,718,000,000$1,155,069,000,000$1,200,866,000,000$1,248,585,000,000$1,298,934,000,000$1,354,942,000,000$1,413,698,000,000$1,475,895,000,000$1,541,203,000,000$1,609,731,000,000$1,683,766,000,000$1,761,070,000,000$1,841,231,000,000$1,923,052,000,000

Personal Disposable Income (nominal)$381$400$422$444$467$491$516$542$568$593$617$643$667$692$718$744$771$800$830$860$893$927$963$1,001$1,041$1,082$1,126$1,174$1,225$1,279$1,336$1,396$1,460$1,527$1,597$1,668

$381,240,000,000$400,415,000,000$421,660,000,000$443,817,000,000$467,035,000,000$490,915,000,000$516,028,000,000$542,051,000,000$568,306,000,000$592,519,000,000$617,039,000,000$642,581,000,000$667,097,000,000$691,905,000,000$717,674,000,000$743,850,000,000$770,999,000,000$799,968,000,000$829,532,000,000$860,473,000,000$892,909,000,000$926,794,000,000$963,127,000,000$1,000,754,000,000$1,040,506,000,000$1,081,922,000,000$1,125,623,000,000$1,174,255,000,000$1,225,285,000,000$1,279,311,000,000$1,336,058,000,000$1,395,615,000,000$1,459,965,000,000$1,527,153,000,000$1,596,826,000,000$1,667,928,000,000

Wages & Salaries221.934236248.417262.659277.658293.291309.88327.164344.826360.088375.411391.613407.377423.368440.053457.183475.011494.075513.616534.119555.625578.165602.45627.705654.405682.258711.635744.216778.321814.387852.123891.644934.363979.0121025.3171072.664

Wages & Salaries$221,934,000,000$235,728,000,000$248,417,000,000$262,659,000,000$277,658,000,000$293,291,000,000$309,880,000,000$327,164,000,000$344,826,000,000$360,088,000,000$375,411,000,000$391,613,000,000$407,377,000,000$423,368,000,000$440,053,000,000$457,183,000,000$475,011,000,000$494,075,000,000$513,616,000,000$534,119,000,000$555,625,000,000$578,165,000,000$602,450,000,000$627,705,000,000$654,405,000,000$682,258,000,000$711,635,000,000$744,216,000,000$778,321,000,000$814,387,000,000$852,123,000,000$891,644,000,000$934,363,000,000$979,012,000,000$1,025,317,000,000$1,072,664,000,000

AVG WAGE / EMPLOYEE$25,307$25,946$27,031$28,157$29,351$30,632$32,000$33,416$34,888$36,288$37,732$39,181$40,634$42,111$43,641$45,222$46,858$48,584$50,357$52,215$54,158$56,196$58,373$60,632$63,001$65,468$68,041$70,803$73,638$76,597$79,644$82,796$86,131$89,559$93,085$96,688

CENTER & INSTITUTE 2001 TAX YIELD FOR ALL DIRECT AND INDIRECT ECONOMIC ACTIVITY

ACROSS ALL STATE OF FLORIDA CENTERS AND INSTITUTES

STATE AND LOCAL TAX RECEIPTSPRESENT VALUE OFPRESENT VALUE OF

DOR ADMINISTERED TAXES/ DOR ACCOUNTSREMI C & IREMI C & I

OFFICE OF RESEARCH & ANALYSISREMI # OF EMPLOYEES 2001PERSONAL DISP INC 2001$TAX OUTPUT BASEDTAX OUTPUT BASED

Fiscal Year 2001 Statistics9,085,236$400,415,000,000ON EMPLOYMENTTAXES GENERATED BYON EMPLOYMENT

DOR State Tax ReceiptsSUS CENTERS &

TAX COLLECTIONTAX YIELD PER EMPLOYEETAX YIELD PER /TAX YIELD / $1,000 DISP INC# EMPLOYMENT JOBSINSTITUTES FROMSTATE PERS DISP INC 2002$

TAX COLLECTION CATEGORYLEVELMILLION $ GRP2001 CONTRACTS &

Sales & Use Tax (chapter 212)5,832GRANTS$224,593

Sales at 6 percent$14,881,006,072$1,637.93$31.19$37.16$9,551,981$7,994,322$8,346,774

Use at 6 percent$852,726,382$93.86$1.79$2.13$547,357$458,099$478,295

Corporate Taxes (chapter 220 & 221)$1,591,873,507$175.22$3.34$3.98$1,021,809$855,181$892,884

Documentary Stamp Tax (chapter 201)$1,305,200,810$143.66$2.74$3.26$837,796$701,175$732,089

Insurance Premium Tax (chapter 624)$387,855,367$42.69$0.81$0.97$248,961$208,362$217,549

Intangibles Taxes (chapter 199)$717,300,000$78.95$1.50$1.79$460,428$385,345$402,334

Annual Tax (B & D) Beverage ?$498,923,872$54.92$1.05$1.25$320,255$268,030$279,847

Nonrecurring Tax (C)$233,469,995$25.70$0.49$0.58$149,862$125,424$130,954

Government Leasehold Tax$907,385$0.10$0.00$0.00$582$487$509

Estate Tax (chapter 198)$707,564,664$77.88$1.48$1.77$454,179$380,115$396,874

Severance Taxes (chapter 211)0.0$0.000.00.00.00.0

Part 1 - Oil & Gas$8,449,519$0.93$0.02$0.02$5,424$4,539$4,739

Part 2 - Solid Minerals$40,864,529$4.50$0.09$0.10$26,231$21,953$22,921

Fuel Tax (chapter 206)0.0$0.000.00.00.00.0

Part 1 - Motor Fuel$1,019,975,798$112.27$2.14$2.55$654,713$547,948$572,106

Part 2 - Special Fuel0.0$0.000.00.00.00.0

Diesel & Misc. Special Fuel$186,908,486$20.57$0.39$0.47$119,975$100,410$104,837

Lp Gas (Altern. Fuel Decal)$6,253$0.00$0.00$0.00$4$3$4

Part 3 - Aviation Fuel$65,112,188$7.17$0.14$0.16$41,795$34,979$36,522

Fuel Tax (chapter 336) SCETS$459,684,720$50.60$0.96$1.15$295,067$246,950$257,838

Gross Receipts Utility Tax (chapter 203)$651,141,531$71.67$1.36$1.63$417,962$349,804$365,226

Pollutants Taxes (chapter 206 pt. IV)0.0$0.000.00.00.00.0

Coastal Protection Tax$7,590,854$0.84$0.02$0.02$4,872$4,078$4,258

Water Quality Tax$20,188,109$2.22$0.04$0.05$12,959$10,845$11,324

Inland Protection Tax$206,755,525$22.76$0.43$0.52$132,714$111,072$115,969

Hazardous Waste$20,692,847$2.28$0.04$0.05$13,283$11,117$11,607

Dry Cleaning Tax (chapter 376)$9,902,297$1.09$0.02$0.02$6,356$5,320$5,554

Rental Car Surcharge (section 212.0606)$145,891,717$16.06$0.31$0.36$93,647$78,375$81,831

Waste Tire Fee (chapter 403)$18,887,665$2.08$0.04$0.05$12,124$10,147$10,594

Lead Acid Battery Fee (chapter 403)$9,240,112$1.02$0.02$0.02$5,931$4,964$5,183

Audit & Warrant Collections$214,293,026$23.59$0.45$0.54$137,553$115,122$120,197

Misc. State Taxes and Fees$2,086,860$0.23$0.00$0.01$1,340$1,121$1,171

Total DOR State Taxes$24,264,500,090$2,670.76$50.85$60.60$15,575,159$13,035,291$13,609,986

CENTER & INSTITUTE 2001 TAX YIELD FOR ALL DIRECT AND INDIRECT ECONOMIC ACTIVITY (CONTINUED)REMI C & I

DOR ADMINISTERED TAXES/ DOR ACCOUNTSREMI # OF EMPLOYEES 2001PERSONAL DISP INC 2001$TAX OUTPUT BASED

OFFICE OF RESEARCH & ANALYSIS41,795$4,872ON EMPLOYMENTTAXES GENERATED BY


-----------------------------------------------------------------------TAX COLLECTIONTAX YIELD PER EMPLOYEETAX YIELD PER /TAX YIELD / $1,000 DISP INC# EMPLOYMENT JOBSINSTITUTES FROM


Sales & Use Tax (chapter 212)0.0GRANTS

DOR LOCAL TAX RECEIPTSFiscal Year

Sales Taxes/Surtaxes

Infrastructure Surtax$607,749,637$66.89$1.27$1.52$390,109$326,493$340,887

Charter County Transit Surtax$51,563,928$5.68$0.11$0.13$33,098$27,701$28,922

Education Surtax$51,922,843$5.72$0.11$0.13$33,329$27,894$29,124

Indigent Care Surtax$167,125,658$18.40$0.35$0.42$107,276$89,783$93,741

Tourist Development Tax$3,711,306$0.41$0.01$0.01$2,382$1,994$2,082

Dade Documentary Stamp Tax$12,099,362$1.33$0.03$0.03$7,766$6,500$6,787

Motor & Special Fuel Taxes$1,738,400,000$191.34$3.64$4.34$1,115,863$933,897$975,071

County Voted at 1 cent$62,689,700$6.90$0.13$0.16$40,240$33,678$35,163

County & City Nonvoted @ 1-6 cents$533,159,834$58.68$1.12$1.33$342,230$286,422$299,050

Additional Local Option$141,652,109$15.59$0.30$0.35$90,925$76,098$79,453

Miscellaneous Local Taxes and Fees0.00.0$0.000.00.00.00.0

0.0

Total DOR Local Taxes$3,370,074,377$370.94$7.06$8.42$2,163,220$1,810,460$1,890,279

20000

Total DOR State and Local Taxes$27,634,574,467$3,041.70$57.91$69.010.0

OTHER (Florida Tax Handbook 2002)0.00.00.00.0

Beverage Licence and Taxes$575,300,000$63.32$1.21$1.44$369,280$309,061$322,686

Cigarette and Tobacco Product Tax$442,800,000$48.74$0.93$1.11$284,229$237,879$248,3670.0

Motor Veh & Mobile Home Ann Reg$535,900,000$58.99$1.12$1.34$343,989$287,894$300,587

All others ***************** ESTIMATE$2,980,000,000$328.00$6.25$7.44$1,912,835$1,600,905$1,671,485

$4,534,000,000$499.05$9.50$11.32$2,910,333$2,435,740$2,543,126

=================================================================================================================================================================5,086,252

SUB TOTAL5,820,6664,871,480

TOTALS ALL CATEGORIES$32,168,574,467$3,540.75$67.42$80.34$20,648,712$17,281,490

NUMBER OF THOUSANDS 2002$ IMPACT$256,344$18,043,391

REMI GRP 2001$477,171,160,920

1996 Tax Tables

APPENDIX 2




19936,023,40924,66123,411148,543,289,349141,014,028,099

19946,261,50625,16023,800148,508,918,272143,022,387,200

19956,009,34424,71323,800

19966,182,20625,65923,800158630146660

Dollars of Tax RevenueDollars of Tax Revenue

Revenue Collectionsper dollarDollars of Tax Revper dollar

1994-951995-96of wages paidper employeeof Gross State Product

Sales & Use Tax11,07311,930.3$0.075211,929.78$0.03257

Corporate Income1,0221,143.1$0.00721184.90$0.00312

Doc Stamp Tax698772.2$0.00487124.91$0.00211

Estate Tax422421.1$0.0026568.11$0.00115

Fuel Tax2,1172,191.6$0.01382354.50$0.00598

Insurance Premium315355.9$0.0022457.57$0.00097

Intangible Tax Stocks696746.8$0.00471120.80$0.00204

Intangible Tax Mortgages109131.5$0.0008321.27$0.00036

Severance Tax7365.4$0.0004110.58$0.00018

Utility Gross Receipts501551.3$0.0034889.18$0.00150

Audit & Warrant Collections227238.5$0.0015038.58$0.00065

Other185186.9$0.0011830.23$0.00051

Total Receipts17,44018,734.6$0.118103,030.41$0.05114

Gross StateTax Ratios Less Sales and Use Tax$1,100.63$0.02

Product

1990254,993

1991265,948

1992279,781

1993298,452

1994317,8294.9%

1995333,4936.2%

1996366,3188.7%

1997389,4739.3%

1998416,4229.8%

1999442,8959.7%

REMI $213 PCE Adj

REMI Expenditure Approach using $213 million (total = $301 million with state investment = $88.8 million reinvested in higher education)

Expenditure Approach Using Intermediate Demand

Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.25710.0013120.0077210.0082090.0075070.0062870.0045780.0032960.0018920.0006104-5.49E-04-0.001221-0.001465-0.002075-0.002075

Real Disp Pers Inc (Bil Fixed 92$)0-0.1377-0.009033-0.003754-0.003265-0.003113-3.51E-03-0.00351-0.003937-0.004364-0.004608-4.97E-03-5.19E-03-4.88E-03-4.88E-03-4.52E-03


Years20162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)-0.0459-0.04297-0.04004-0.03711-0.03516-0.03125-0.02734-0.02344-0.0166-0.01367-0.006836-0.004883-0.002930.0019530.0039060.0058590.0058590.002930.0048830.001953

GRP (Bil Fixed 92$)-0.002136-0.002136-0.001953-0.001831-0.001648-0.001587-0.001465-0.001282-0.0006714-0.0006714-0.0005493-0.0003052-0.00012210.00E+000.00030520.00024410.00030526.10E-051.22E-040.0002441



With PCE Index Adjusted199220011.1837507339

REMI PCE Index for 1992 and 200198.786116.938

Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.30434231370.0015530810.00913973940.00971740980.00888641680.00744224090.00541921090.00390164240.00223965640.0007225614-0.0006502343-0.0014453596-0.0017341948-0.0024562828-0.0024562828



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.0025284916-0.0025284916-0.0023118652-0.0021674476-0.0019508212-0.0018786124-0.0017341948-0.0015175684-0.0007947702-0.0007947702-0.0006502343-0.0003612807-0.00014453600.00036128070.00028895360.00036128070.00007225610.0001445360.0002889536




Years2000200120022003200420052006200720082009201020112012201320142015

Employment (Thous)0-7,566102.5213.9209179.7144.5106.470.3134.187.813-12.7-24.41-34.18-41.99-42.97

GRP (Bil Fixed 92$)0-0.30434231370.0015530810.00913973940.00971740980.00888641680.00744224090.00541921090.00390164240.00223965640.0007225614-0.0006502343-0.0014453596-0.0017341948-0.0024562828-0.0024562828



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.0025284916-0.0025284916-0.0023118652-0.0021674476-0.0019508212-0.0018786124-0.0017341948-0.0015175684-0.0007947702-0.0007947702-0.0006502343-0.0003612807-0.00014453600.00036128070.00028895360.00036128070.00007225610.0001445360.0002889536




200000000

2001-7,566-0.3043423137-0.1630024761-304,342,314-163,002,476

2002102.50.001553081-0.01069282041,553,081-10,692,820

2003213.90.0091397394-0.00444380039,139,739-4,443,800

20042090.0097174098-0.00386494619,717,410-3,864,946

2005179.70.0088864168-0.0036850168,886,417-3,685,016

2006144.50.0074422409-0.00415496517,442,241-4,154,965

2007106.40.0054192109-0.00415496515,419,211-4,154,965

200870.310.0039016424-0.00466042663,901,642-4,660,427

200934.180.0022396564-0.00516588822,239,656-5,165,888

20107.8130.0007225614-0.0054547234722,561-5,454,723

2011-12.7-0.0006502343-0.0058879762-650,234-5,887,976

2012-24.41-0.0014453596-0.0061412988-1,445,360-6,141,299

2013-34.18-0.0017341948-0.0057802548-1,734,195-5,780,255

2014-41.99-0.0024562828-0.0057802548-2,456,283-5,780,255

2015-42.97-0.0024562828-0.0053470021-2,456,283-5,347,002

2016-45.9-0.0025284916-0.0051291919-2,528,492-5,129,192

2017-42.97-0.0025284916-0.0050214706-2,528,492-5,021,471

2018-40.04-0.0023118652-0.0044793128-2,311,865-4,479,313

2019-37.11-0.0021674476-0.0039371549-2,167,448-3,937,155

2020-35.16-0.0019508212-0.0035405984-1,950,821-3,540,598

2021-31.25-0.0018786124-0.0033239721-1,878,612-3,323,972

2022-27.34-0.0017341948-0.0026729092-1,734,195-2,672,909

2023-23.44-0.0015175684-0.0026729092-1,517,568-2,672,909

2024-16.6-0.0007947702-0.0022396564-794,770-2,239,656

2025-13.67-0.0007947702-0.0021674476-794,770-2,167,448

2026-6.836-0.0006502343-0.0015175684-650,234-1,517,568

2027-4.883-0.0003612807-0.0018786124-361,281-1,878,612

2028-2.93-0.000144536-0.001661986-144,536-1,661,986

20291.9530-0.00158977720-1,589,777

20303.9060.0003612807-0.0012287333361,281-1,228,733

20315.8590.0002889536-0.0010837238288,954-1,083,724

20325.8590.0003612807-0.0015897772361,281-1,589,777

20332.930.0000722561-0.002167447672,256-2,167,448

20344.8830.000144536-0.00202303144,536-2,023,030

20351.9530.0002889536-0.0022396564288,954-2,239,656

-10.44

-1.61

-0.343


REMI Expenditure Approach using $213 million (total = $301 million with state investment = $88.8 million reinvested in higher education) and Intermediate Demand

PCI Index Adjusted GRP and IncomeYEAR #1234567891011121314151617181920212223242526272829303132333435

YearsTOTALS200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)6,9550-7.5660.10250.21390.2090.17970.14450.10640.070310.034180.007813-0.0127-0.02441-0.03418-0.04199-0.04297-0.0459-0.04297-0.04004-0.03711-0.03516-0.03125-0.02734-0.02344-0.0166-0.01367-0.006836-0.004883-0.002930.0019530.0039060.0058590.0058590.002930.0048830.001953

GRP (Bil Fixed 92$)0-0.30434231370.0015530810.00913973940.00971740980.00888641680.00744224090.00541921090.00390164240.00223965640.0007225614-0.0006502343-0.0014453596-0.0017341948-0.0024562828-0.0024562828-0.0025284916-0.0025284916-0.0023118652-0.0021674476-0.0019508212-0.0018786124-0.0017341948-0.0015175684-0.0007947702-0.0007947702-0.0006502343-0.0003612807-0.00014453600.00036128070.00028895360.00036128070.00007225610.0001445360.0002889536



FORMULA EST2001 DOLLARSTax

GRP IN FIXED 2001 $NPV GRP 2001$$269,416,041$281,908,533-0.32$304,342,314$(1,553,081)$(9,139,739)$(9,717,410)$(8,886,417)$(7,442,241)$(5,419,211)$(3,901,642)$(2,239,656)$(722,561)$650,234$1,445,360$1,734,195$2,456,283$2,456,283$2,528,492$2,528,492$2,311,865$2,167,448$1,950,821$1,878,612$1,734,195$1,517,568$794,770$794,770$650,234$361,281$144,5360.0$(361,281)$(288,954)$(361,281)$(72,256)$(144,536)$(288,954)

REAL DISPOS PERS INCOME (FIXED 2001 $)NPV DISP INC 2001$$243,924,273$290,381,749$163,002,476$10,692,820$4,443,800$3,864,946$3,685,016$4,154,965$4,154,965$4,660,427$5,165,888$5,454,723$5,887,976$6,141,299$5,780,255$5,780,255$5,347,002$5,129,192$5,021,471$4,479,313$3,937,155$3,540,598$3,323,972$2,672,909$2,672,909$2,239,656$2,167,448$1,517,568$1,878,612$1,661,986$1,589,777$1,228,733$1,083,724$1,589,777$2,167,448$2,023,030$2,239,656

AVG NPV 2001$ / JOB$35,073


Real Discount Rate


Discounted GRP$269,416,041$295,477,974$(1,463,928)$(8,364,156)$(8,633,793)$(7,665,501)$(6,232,760)$(4,406,314)$(3,079,993)$(1,716,510)$(537,654)$469,743$1,013,746$1,180,902$1,623,892$1,576,594$1,575,672$1,529,779$1,357,977$1,236,065$1,080,122$1,009,847$905,063$768,939$390,974$379,587$301,510$162,645$63,1730.0$(148,843)$(115,578)$(140,299)$(27,242)$(52,907)$(102,689)

Discounted Real Disposable Income$243,924,273158,254,83110,079,0094,066,7073,433,9553,178,7273,479,7183,378,3673,678,9843,959,2234,058,8264,253,5994,307,3833,936,0723,821,4293,432,0373,196,3433,038,0722,631,1242,245,3041,960,3441,786,7991,394,9711,354,3411,101,7631,035,185703,688845,731726,415674,616506,222433,476617,369817,185740,520795,937


State Revenues (Taxes)

Intermediate Demand

(Using Broader Sector Categories)

BLS CPI

1992 level141.9-12

2001 level176.6-1.71

Difference-0.35

Taxes-69.57

1999-2001 CPI deflator1.06-0.34001938-31.4

-15.152

-130.182


APPENDIX 2




19937,653,51524,66123,411188,743,343,470179,176,449,210

19947,809,71025,16023,800196,940,156,467189,664,375,993

19957,969,09124,71323,800

19968,131,72625,65923,800158630146660

19978,297,680

19988,467,020

19998,639,816

20008,769,689

% CHANGE98.0%98.0%98.0%98.0%98.0%98.0%98.5%3.5%1.1%1.5%1.4%1.2%1.1%1.1%0.9%0.4%0.3%0.5%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.4%0.5%0.6%0.6%0.6%0.7%0.7%0.8%0.8%0.7%

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

FLA OUTPUT 1992$353.62360.84368.20375.71383.38391.21399.19405.19418431.428445.551459.317472.276485.704498.98511.59519.298529.437539.979549.803559.516569.377579.07588.779598.845608.646618.428628.206637.887647.865657.706667.693677.665687.855699.141710.722722.702735.017747.627761.076774.837788.701802.341


REMI CPI111.397114116.639119.258121.933124.663127.453130.298133.193136.078138.991141.964144.966148.018151.132154.304157.547160.867164.261167.737171.302174.956178.702182.534186.462190.479194.598198.836203.183207.636212.197216.865221.647226.534231.518236.586





$381,240,000,000$400,415,000,000$421,660,000,000$443,817,000,000$467,035,000,000$490,915,000,000$516,028,000,000$542,051,000,000$568,306,000,000$592,519,000,000$617,039,000,000$642,581,000,000$667,097,000,000$691,905,000,000$717,674,000,000$743,850,000,000$770,999,000,000$799,968,000,000$829,532,000,000$860,473,000,000$892,909,000,000$926,794,000,000$963,127,000,000$1,000,754,000,000$1,040,506,000,000$1,081,922,000,000$1,125,623,000,000$1,174,255,000,000$1,225,285,000,000$1,279,311,000,000$1,336,058,000,000$1,395,615,000,000$1,459,965,000,000$1,527,153,000,000$1,596,826,000,000$1,667,928,000,000

Wages & Salaries221.934236248.417262.659277.658293.291309.88327.164344.826360.088375.411391.613407.377423.368440.053457.183475.011494.075513.616534.119555.625578.165602.45627.705654.405682.258711.635744.216778.321814.387852.123891.644934.363979.0121025.3171072.664

Wages & Salaries$221,934,000,000$235,728,000,000$248,417,000,000$262,659,000,000$277,658,000,000$293,291,000,000$309,880,000,000$327,164,000,000$344,826,000,000$360,088,000,000$375,411,000,000$391,613,000,000$407,377,000,000$423,368,000,000$440,053,000,000$457,183,000,000$475,011,000,000$494,075,000,000$513,616,000,000$534,119,000,000$555,625,000,000$578,165,000,000$602,450,000,000$627,705,000,000$654,405,000,000$682,258,000,000$711,635,000,000$744,216,000,000$778,321,000,000$814,387,000,000$852,123,000,000$891,644,000,000$934,363,000,000$979,012,000,000$1,025,317,000,000$1,072,664,000,000












Sales at 6 percent$14,881,006,072$1,637.93$31.19$37.16$9,551,981$8,401,978$8,346,774

Use at 6 percent$852,726,382$93.86$1.79$2.13$547,357$481,459$478,295










Part 1 - Oil & Gas$8,449,519$0.93$0.02$0.02$5,424$4,771$4,739


Fuel Tax (chapter 206)0.0$0.000.00.00.00.0

Part 1 - Motor Fuel$1,019,975,798$112.27$2.14$2.55$654,713$575,889$572,106











Hazardous Waste$20,692,847$2.28$0.04$0.05$13,283$11,683$11,607























Motor & Special Fuel Taxes$1,738,400,000$191.34$3.64$4.34$1,115,863$981,520$975,071





0.0


20000







$4,534,000,000$499.05$9.50$11.32$2,910,333$2,559,946$2,543,126

=================================================================================================================================================================5,086,252

SUB TOTAL5,820,6665,119,892



REMI GRP 2001$477,171,160,920

1996 Tax Tables

APPENDIX 2




19936,023,40924,66123,411148,543,289,349141,014,028,099

19946,261,50625,16023,800148,508,918,272143,022,387,200

19956,009,34424,71323,800

19966,182,20625,65923,800158630146660




Sales & Use Tax11,07311,930.3$0.075211,929.78$0.03257


Doc Stamp Tax698772.2$0.00487124.91$0.00211

Estate Tax422421.1$0.0026568.11$0.00115

Fuel Tax2,1172,191.6$0.01382354.50$0.00598




Severance Tax7365.4$0.0004110.58$0.00018



Other185186.9$0.0011830.23$0.00051

Total Receipts17,44018,734.6$0.118103,030.41$0.05114


Product

1990254,993

1991265,948

1992279,781

1993298,452

1994317,8294.9%

1995333,4936.2%

1996366,3188.7%

1997389,4739.3%

1998416,4229.8%

1999442,8959.7%

Revenue and Expenditure Approach Results, ContinuedExpenditure Approach Using Broader Sector Categories and Employment Numbers (Employment Model)

Expenditure Approach Using Detailed Sector Categories (Employment and Detailed Model)

REMI $213 PCE Adj



Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.26460.0013430.008820.0097350.0087890.0075070.0055540.0037230.0020750.0006104-6.71E-04-0.00177-0.002136-0.002563-0.002686



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)-0.05273-0.05078-0.04395-0.04199-0.03809-0.0332-0.02832-0.02441-0.01758-0.01465-0.001953-0.0048830.00097660.0078130.0087890.011720.011720.0097660.0068360.008789

GRP (Bil Fixed 92$)-0.002686-0.002808-0.002563-0.002197-0.002075-0.001831-0.001709-0.001526-0.001038-0.001038-0.0004272-0.0004883-6.10E-051.22E-040.00030520.00042720.00042723.05E-041.83E-040.0003662





Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.31322044420.00158977720.01044068150.01152381340.01040398520.00888641680.00657455160.0044071040.00245628280.0007225614-0.0007947702-0.0020952388-0.0025284916-0.0030339531-0.0031795545



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.0031795545-0.0033239721-0.0030339531-0.0026007004-0.0024562828-0.0021674476-0.00202303-0.0018064036-0.0012287333-0.0012287333-0.0005056983-0.0005780255-0.00007225610.0001445360.00036128070.00050569830.00050569830.00036128070.00021674480.0004334895




Years2000200120022003200420052006200720082009201020112012201320142015

Employment (Thous)0-8,859127.9264.6258.8224.6183.6134.890.8248.8315.63-10.74-33.2-39.06-43.95-49.8

GRP (Bil Fixed 92$)0-0.31322044420.00158977720.01044068150.01152381340.01040398520.00888641680.00657455160.0044071040.00245628280.0007225614-0.0007947702-0.0020952388-0.0025284916-0.0030339531-0.0031795545



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.0031795545-0.0033239721-0.0030339531-0.0026007004-0.0024562828-0.0021674476-0.00202303-0.0018064036-0.0012287333-0.0012287333-0.0005056983-0.0005780255-0.00007225610.0001445360.00036128070.00050569830.00050569830.00036128070.00021674480.0004334895




200000000

2001-8,859-0.3132204442-0.1812322374-313,220,444-181,232,237

2002127.90.0015897772-0.01282002041,589,777-12,820,020

2003264.60.0104406815-0.00559914110,440,681-5,599,141

2004258.80.0115238134-0.004660426611,523,813-4,660,427

2005224.60.0104039852-0.00451600910,403,985-4,516,009

2006183.60.0088864168-0.00509367948,886,417-5,093,679

2007134.80.0065745516-0.00520258456,574,552-5,202,584

200890.820.004407104-0.00552693224,407,104-5,526,932

200948.830.0024562828-0.00621350762,456,283-6,213,508

201015.630.0007225614-0.006791178722,561-6,791,178

2011-10.74-0.0007947702-0.0070078043-794,770-7,007,804

2012-33.2-0.0020952388-0.0072256145-2,095,239-7,225,614

2013-39.06-0.0025284916-0.0072256145-2,528,492-7,225,614

2014-43.95-0.0030339531-0.006791178-3,033,953-6,791,178

2015-49.8-0.0031795545-0.006430134-3,179,554-6,430,134

2016-52.73-0.0031795545-0.0061046025-3,179,554-6,104,603

2017-50.78-0.0033239721-0.0059601849-3,323,972-5,960,185

2018-43.95-0.0030339531-0.0051291919-3,033,953-5,129,192

2019-41.99-0.0026007004-0.0046604266-2,600,700-4,660,427

2020-38.09-0.0024562828-0.00404606-2,456,283-4,046,060

2021-33.2-0.0021674476-0.0038294336-2,167,448-3,829,434

2022-28.32-0.00202303-0.0031073457-2,023,030-3,107,346

2023-24.41-0.0018064036-0.0029617443-1,806,404-2,961,744

2024-17.58-0.0012287333-0.0024562828-1,228,733-2,456,283

2025-14.65-0.0012287333-0.0024562828-1,228,733-2,456,283

2026-1.953-0.0005056983-0.001661986-505,698-1,661,986

2027-4.883-0.0005780255-0.0022396564-578,025-2,239,656

20280.9766-0.0000722561-0.0019508212-72,256-1,950,821

20297.8130.000144536-0.001661986144,536-1,661,986

20308.7890.0003612807-0.0014453596361,281-1,445,360

203111.720.0005056983-0.001156051505,698-1,156,051

203211.720.0005056983-0.0017341948505,698-1,734,195

20339.7660.0003612807-0.0019508212361,281-1,950,821

20346.8360.0002167448-0.0024562828216,745-2,456,283

20358.7890.0004334895-0.0026007004433,490-2,600,700

-10.44

-1.61

-0.343


REMI Expenditure Approach using $213 million (total = $301 million with state investment = $88.8 million reinvested in higher education) and Intermediate Demand

PCI Index Adjusted GRP and IncomeYEAR #1234567891011121314151617181920212223242526272829303132333435

YearsTOTALS200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

Employment (Thous)7,9720-8.8590.12790.26460.25880.22460.18360.13480.090820.048830.01563-0.01074-0.0332-0.03906-0.04395-0.0498-0.05273-0.05078-0.04395-0.04199-0.03809-0.0332-0.02832-0.02441-0.01758-0.01465-0.001953-0.0048830.00097660.0078130.0087890.011720.011720.0097660.0068360.008789

GRP (Bil Fixed 92$)0-0.31322044420.00158977720.01044068150.01152381340.01040398520.00888641680.00657455160.0044071040.00245628280.0007225614-0.0007947702-0.0020952388-0.0025284916-0.0030339531-0.0031795545-0.0031795545-0.0033239721-0.0030339531-0.0026007004-0.0024562828-0.0021674476-0.00202303-0.0018064036-0.0012287333-0.0012287333-0.0005056983-0.0005780255-0.00007225610.0001445360.00036128070.00050569830.00050569830.00036128070.00021674480.0004334895



FORMULA EST2001 DOLLARSTax

GRP IN FIXED 2001 $NPV GRP 2001$$275,449,029$289,523,341-0.39$313,220,444$(1,589,777)$(10,440,681)$(11,523,813)$(10,403,985)$(8,886,417)$(6,574,552)$(4,407,104)$(2,456,283)$(722,561)$794,770$2,095,239$2,528,492$3,033,953$3,179,554$3,179,554$3,323,972$3,033,953$2,600,700$2,456,283$2,167,448$2,023,030$1,806,404$1,228,733$1,228,733$505,698$578,025$72,256$(144,536)$(361,281)$(505,698)$(505,698)$(361,281)$(216,745)$(433,490)

REAL DISPOS PERS INCOME (FIXED 2001 $)NPV DISP INC 2001$$278,050,728$331,905,476$181,232,237$12,820,020$5,599,141$4,660,427$4,516,009$5,093,679$5,202,584$5,526,932$6,213,508$6,791,178$7,007,804$7,225,614$7,225,614$6,791,178$6,430,134$6,104,603$5,960,185$5,129,192$4,660,427$4,046,060$3,829,434$3,107,346$2,961,744$2,456,283$2,456,283$1,661,986$2,239,656$1,950,821$1,661,986$1,445,360$1,156,051$1,734,195$1,950,821$2,456,283$2,600,700

AVG NPV 2001$ / JOB$34,877


Real Discount Rate


Discounted GRP$275,449,029$304,097,519$(1,498,518)$(9,554,703)$(10,238,759)$(8,974,569)$(7,442,234)$(5,345,712)$(3,479,009)$(1,882,536)$(537,654)$574,159$1,469,558$1,721,780$2,005,800$2,040,835$1,981,393$2,011,058$1,782,128$1,483,143$1,359,984$1,165,110$1,055,804$915,290$604,455$586,850$234,490$260,221$31,581$(61,333)$(148,843)$(202,273)$(196,381)$(136,212)$(79,338)$(154,055)

Discounted Real Disposable Income$278,050,728175,953,62912,084,0995,124,0074,140,7293,895,5494,265,8764,230,1774,363,0114,762,1365,053,2745,062,5875,067,9014,920,2924,489,7694,127,2583,804,1863,606,0103,012,8602,657,7762,240,2052,058,5091,621,7001,500,6911,208,3281,173,134770,6541,008,269852,659705,258595,469462,406673,452735,511899,110924,246


State Revenues (Taxes)

Intermediate Demand

(Using Broader Sector Categories)

BLS CPI

1992 level141.9-12

2001 level176.6-1.71

Difference-0.35

Taxes-69.57

1999-2001 CPI deflator1.06-0.41749372-31.4

-15.152

-130.182


APPENDIX 2




19937,653,51524,66123,411188,743,343,470179,176,449,210

19947,809,71025,16023,800196,940,156,467189,664,375,993

19957,969,09124,71323,800

19968,131,72625,65923,800158630146660

19978,297,680

19988,467,020

19998,639,816

20008,769,689

% CHANGE98.0%98.0%98.0%98.0%98.0%98.0%98.5%3.5%1.1%1.5%1.4%1.2%1.1%1.1%0.9%0.4%0.3%0.5%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.4%0.5%0.6%0.6%0.6%0.7%0.7%0.8%0.8%0.7%

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032203320342035

FLA OUTPUT 1992$353.62360.84368.20375.71383.38391.21399.19405.19418431.428445.551459.317472.276485.704498.98511.59519.298529.437539.979549.803559.516569.377579.07588.779598.845608.646618.428628.206637.887647.865657.706667.693677.665687.855699.141710.722722.702735.017747.627761.076774.837788.701802.341


REMI CPI111.397114116.639119.258121.933124.663127.453130.298133.193136.078138.991141.964144.966148.018151.132154.304157.547160.867164.261167.737171.302174.956178.702182.534186.462190.479194.598198.836203.183207.636212.197216.865221.647226.534231.518236.586





$381,240,000,000$400,415,000,000$421,660,000,000$443,817,000,000$467,035,000,000$490,915,000,000$516,028,000,000$542,051,000,000$568,306,000,000$592,519,000,000$617,039,000,000$642,581,000,000$667,097,000,000$691,905,000,000$717,674,000,000$743,850,000,000$770,999,000,000$799,968,000,000$829,532,000,000$860,473,000,000$892,909,000,000$926,794,000,000$963,127,000,000$1,000,754,000,000$1,040,506,000,000$1,081,922,000,000$1,125,623,000,000$1,174,255,000,000$1,225,285,000,000$1,279,311,000,000$1,336,058,000,000$1,395,615,000,000$1,459,965,000,000$1,527,153,000,000$1,596,826,000,000$1,667,928,000,000

Wages & Salaries221.934236248.417262.659277.658293.291309.88327.164344.826360.088375.411391.613407.377423.368440.053457.183475.011494.075513.616534.119555.625578.165602.45627.705654.405682.258711.635744.216778.321814.387852.123891.644934.363979.0121025.3171072.664

Wages & Salaries$221,934,000,000$235,728,000,000$248,417,000,000$262,659,000,000$277,658,000,000$293,291,000,000$309,880,000,000$327,164,000,000$344,826,000,000$360,088,000,000$375,411,000,000$391,613,000,000$407,377,000,000$423,368,000,000$440,053,000,000$457,183,000,000$475,011,000,000$494,075,000,000$513,616,000,000$534,119,000,000$555,625,000,000$578,165,000,000$602,450,000,000$627,705,000,000$654,405,000,000$682,258,000,000$711,635,000,000$744,216,000,000$778,321,000,000$814,387,000,000$852,123,000,000$891,644,000,000$934,363,000,000$979,012,000,000$1,025,317,000,000$1,072,664,000,000












Sales at 6 percent$14,881,006,072$1,637.93$31.19$37.16$9,551,981$8,590,122$8,346,774

Use at 6 percent$852,726,382$93.86$1.79$2.13$547,357$492,240$478,295










Part 1 - Oil & Gas$8,449,519$0.93$0.02$0.02$5,424$4,878$4,739


Fuel Tax (chapter 206)0.0$0.000.00.00.00.0

Part 1 - Motor Fuel$1,019,975,798$112.27$2.14$2.55$654,713$588,785$572,106











Hazardous Waste$20,692,847$2.28$0.04$0.05$13,283$11,945$11,607























Motor & Special Fuel Taxes$1,738,400,000$191.34$3.64$4.34$1,115,863$1,003,499$975,071





0.0


20000







$4,534,000,000$499.05$9.50$11.32$2,910,333$2,617,270$2,543,126

=================================================================================================================================================================5,086,252

SUB TOTAL5,820,6665,234,541



REMI GRP 2001$477,171,160,920

1996 Tax Tables

APPENDIX 2




19936,023,40924,66123,411148,543,289,349141,014,028,099

19946,261,50625,16023,800148,508,918,272143,022,387,200

19956,009,34424,71323,800

19966,182,20625,65923,800158630146660




Sales & Use Tax11,07311,930.3$0.075211,929.78$0.03257


Doc Stamp Tax698772.2$0.00487124.91$0.00211

Estate Tax422421.1$0.0026568.11$0.00115

Fuel Tax2,1172,191.6$0.01382354.50$0.00598




Severance Tax7365.4$0.0004110.58$0.00018



Other185186.9$0.0011830.23$0.00051

Total Receipts17,44018,734.6$0.118103,030.41$0.05114


Product

1990254,993

1991265,948

1992279,781

1993298,452

1994317,8294.9%

1995333,4936.2%

1996366,3188.7%

1997389,4739.3%

1998416,4229.8%

1999442,8959.7%

REMI $213 PCE Adj



Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.22260.0010380.0073850.0079350.0073240.0061040.0043950.0030520.0015260.0002441-8.55E-04-0.001709-0.001953-0.002319-0.002319



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.002441-0.00238-0.002258-0.002014-0.001892-0.001648-0.001526-0.001282-0.0009155-0.0009766-0.0005493-0.0001831-0.00030521.22E-040.00024410.00024410.00030522.44E-041.83E-040.0003662





Years2000200120022003200420052006200720082009201020112012201320142015


GRP (Bil Fixed 92$)0-0.26350291340.00122873330.00874199920.00939306210.00866979040.00722561450.00520258450.00361280720.00180640360.0002889536-0.001011515-0.00202303-0.0023118652-0.002745118-0.002745118



Years20162017201820192020202120222023202420252026202720282029203020312032203320342035


GRP (Bil Fixed 92$)-0.0028895355-0.0028173267-0.0026729092-0.002384074-0.0022396564-0.0019508212-0.0018064036-0.0015175684-0.0010837238-0.001156051-0.0006502343-0.0002167448-0.00036128070.0001445360.00028895360.00028895360.00036128070.00028895360.00021674480.0004334895

Real Disp Pers Inc (Bil Fixed 92$)-0.0055269322-0.0051658882-0.0045882178-0.0041549651-0.0037205286-0.0034683897-0.0028895355-0.0026007004-0.002384074-0.0020952388-0.0017341948-0.0018064036-0.0017341948-0.001661986-0.001011515-0.001156051-0.0015897772-0.0021674476-0.0

Documents

Economic Impact of Centers and Institutes in Florida’s Public Universities Tim Lynch, Ph.D., Director Julie Harrington, Ph.D., Asst. Dir. Center for Economic