"The losses of Florida jobs under the 'Most Likely Scenario' are very high," reported Tony Villamil, economist for Washington Economics Group, the organization that conducted the study. "Amendment 4's passage will have potentially devastating consequences to Florida's economy at a time when the economic situation at both the state and national levels is uncertain and at a time when attracting new businesses to Florida is essential for the future recovery and prosperity of the state and its residents."
The study considers a "Modest" and a "Most Likely" economic impact scenario. The study does not predict a "Worst Case" scenario. According to the study:
Under both scenarios, Florida's economic dynamism is lost. This would permanently impact the economic growth potential for Florida, causing a steady decline in the standard of living of all Florida residents. Further, permanently impacting employment and growth within major industries and job-generating activities.
"If you like the recession, you'll love Amendment 4," said Mark Wilson, President of the Florida Chamber of Commerce. "This amendment will cost jobs, hurt taxpayers and make it more expensive to live in Florida."
In an unprecedented show of unity, labor and business leaders agreed to jointly oppose Amendment 4. To read more - http://florida2010.org/docs/
To learn more about the No on 4 campaign, please go to -
http://florida2010.org/index.
To read the economic study, please go to -
http://florida2010.org/docs/