Haas Center Study: Escambia County’s L.O.S.T. Has Generated $2.1 Billion In Economic Impact

Written By Brittany Myers
 

The University of West Florida Haas Center recently released an independent economic impact analysis of Escambia County's Local Option Sales Tax (L.O.S.T.), and the findings make a compelling case for renewal.

Key Findings:

  • According to the report, L.O.S.T.-funded projects completed between 2009 and 2028 generated a total economic impact of $2.1 billion for Escambia County

  • Projects funded with L.O.S.T. revenues are estimated to support an average of 4,200 local jobs.

  • Tourism and visitors share the tax burden alongside residents, with tourism and recreation spending accounting for up to 28% of taxable sales.

  • The analysis projects that if the surtax is renewed through 2038, Escambia County could see an additional $889.2 million in revenue without shifting the infrastructure funding burden to other sources.

 
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Brittany Myers
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