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800 Celebration Avenue, Suite 223, Celebration FL 34747
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It is certainly no secret that the Florida Real Estate Market has suffered many blows over the past three years. As conditions have worsened, many brokers, agents and developers have exited the business. At McElhaney and Bain we have chosen a much different approach... read more »
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State Tax Revenues Are Slowly Rebounding

Preliminary tax collection data for the April-June quarter of 2010 show improvement in overall state tax collections as well as for personal income tax and sales tax revenue. However, revenue collections remain significantly below peak levels and are still weak in a number of states. We will provide a full report on the April-June quarter, and further analysis of the fiscal year 2009-10 and the current outlook for the states, after Census Bureau data for the quarter are available.

Highlights at a Glance
  • Overall state tax revenues grew by 2.2 percent in the second quarter of 2010, compared to the same quarter a year earlier, based on preliminary data.
  • Thirty of 47 early reporting states reported gains in overall tax collections, while 17 saw declines.
  • Personal income tax revenue increased by 1.6 percent for the nation. Twenty-six states reported declines in personal income tax collections. The income... read full article!
    Daytona Area Engines Sputtering

    Cassandra Reynolds saw more than flying steel as 57 cars roared at 180 mph around an asphalt oval in Daytona, Fla., in February. She saw the future of her community's economy.

    Reynolds, a Daytona Beach city commissioner, is founder and chair of the Motorsports Daytona Beach Executive Committee, a group that aims to maximize the economic potential of the motorsports industry. She formed the committee out of the belief that the city needed a... read full article!

    Economy Technically In Recovery

    The following text represents an excerpt from a speech given by Dennis P. Lockhart President and Chief Executive Officer, Federal Reserve Bank of Atlanta at the Coastal Economy Outlook in late September, 2009

    For a long time, we've all endured a barrage of bad news about the national economy. Now—finally, 20 months after the start of the recession—the U.S. economy is clearly showing signs of recovery. So today I want to... read full article!


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