Florida Policy Institute: Florida Policymakers Need to Reassess How the Minimum Wage is Enforced
ITEP Work in ActionFinally, the state budget could take a hit if wage theft persists. Sales tax revenue as an effect of higher minimum wages is particularly relevant to highlight in Florida. The state lacks a personal income tax and over 75 percent of its general revenue fund is comprised of sales tax revenue. General revenue supports critical public areas like education and health and human services.23 The increased spending Florida can expect from its increased minimum wage will pump revenue back into local businesses and the state overall as sales tax is collected.