Florida Policy Index

Now New York is providing another lesson in the distance between a magnificent promise and an inconvenient bill. Mayor Zohran Mamdani celebrated closing what his administration described as an inherited $12 billion budget gap.

Between 2014 and 2024, Florida’s nominal gross domestic product increased from approximately $860 billion to $1.73 trillion. In current-dollar terms, the state economy almost exactly doubled in ten years. The expansion reached well beyond hotels, theme parks and residential development. Professional and technical services, finance, healthcare, manufacturing, logistics, aerospace and the broader digital economy all became more consequential parts of Florida’s economic base.

West Palm Beach is no longer simply benefiting from national financial trends—it is increasingly shaping them.