At the conclusion of the City of Tallahassee budget workshop last week, Mayor John Dailey took to Twitter to tout the performance of the local economy and the low cost of living and doing business in Tallahassee.
As part of the budget workshop, which focused on the FY20 First Quarter Update, city staff provided a review of current economic conditions and municipal government cost comparisons.
On the jobs front, staff reported that the October 2019 unemployment rate of 2.9% was “below both the State of Florida’s rate of 3.2% and the national rate of 3.6%. This presents a year-over-year decrease in the rate from 3.2% in October 2018. Overall employment grew by 3.1% year over year in Tallahassee, compared to 1.9% statewide, bringing the workforce to 196,281 active participants.”
Also noted was the growth in economic activity as measured by taxable sales growth. The staff noted that the “taxable sales in Tallahassee grew 8.0% year-over-year to August 2019. For comparison, the state’s sales grew by 3.6%. “
The budget workshop also provided municipal costs comparisons across different government services. The information indicated that the City of Tallahassee had some of the lowest cost services when compared to a list of comparable Florida cites.
Tallahassee Reports has previously reported that the City of Tallahassee electric rates for 1,000 kWh ranks 10th lowest out of the 38 utilities included in the comparison.
The next FY20 budget workshop is scheduled for May 13th.