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UCF economist tells Sarasota commissioners federal uncertainty, tariffs and high debt complicate local budgeting
Summary
Dr. Sean Snaith told the county commission that elevated federal policy uncertainty, tariffs and a high U.S. debt-to-GDP ratio create forecasting challenges; locally he called Sarasota's labor market and housing conditions relatively strong, while warning fiscal pressures could reduce discretionary federal support for local projects.
Dr. Sean Snaith, director at the University of Central Florida’s Institute of Economic Forecasting, told the Sarasota Board of County Commissioners on May 21 that national-level uncertainty — including tariff actions, trade disputes and recent federal fiscal maneuvering — has made forecasting more difficult and could constrain federal support for state and local projects. Snaith said the U.S. debt-to-GDP ratio is about 123% and that federal interest payments…
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