SUMMARY: Despite rising economic anxiety, UCF economist Sean Snaith forecasts no recession, predicting continued but slower growth amid trade policy uncertainties. Florida’s economy faces potential threats from geopolitics, domestic policies, and hurricanes, yet core sectors like tourism remain strong. By 2028, Florida’s nominal GDP is expected to surpass \$2 trillion, nearly 20% higher than last year. Economic growth rate will slow as the state nears full employment, resulting in modest labor and job growth. Key job sectors with steady growth include education and health services (1.9%), leisure and hospitality (1.5%), construction (1.4%), financial services (1.2%), and government (0.8%). Real personal income growth will average 2.9%, slightly above national rates. Per capita incomes are forecasted to rise across Florida’s metro areas by 6.1% to 10.1% through 2028.

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The post ‘It’s not easy:’ Here’s what could be coming for Florida’s economy appeared first on www.clickorlando.com

SUMMARY: With summer expenses rising—vacations, impulse buys, pricey lunches—financial advisor Charles Sachs urges a midyear money checkup. He warns against summer spending traps like online shopping and suggests assessing needs versus wants. In South Florida, transportation costs, especially owning multiple cars, drain budgets, costing around $20,000 yearly. For lunch, meal prepping saves money versus frequent dining out. Sachs’s top tip: use cash instead of cards to avoid overspending. People shared budgeting strategies like tracking expenses, using coupons, and comparing deals. His millionaire advice: save just $5 daily in an interest-bearing account to grow wealth over decades.

CBS News Miami’s Lisa Petrillo reports on how you can save money during the summer.

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SUMMARY: The IRS announced a new interpretation allowing pastors to endorse political candidates from the pulpit without risking their church’s tax-exempt status, softening enforcement of the 1954 Johnson Amendment. Conservatives praise the move as a defense of religious freedom, while some progressive religious leaders see it as leveling the playing field. However, tax and legal experts warn it could politicize churches and jeopardize their missions. Many faith leaders, especially in communities of color, remain cautious about potential church-state entanglement. The IRS clarified this applies to “good faith” religious communications, not outright campaign intervention.

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The post A surprise IRS move on political endorsements leaves faith leaders and legal experts divided appeared first on www.news4jax.com