Florida Could Be Biggest Loser From Oil Slick

Florida has the longest coast in the southeastern United States with over 2,200 miles of beaches and tidal shoreline. Of all the gulf states Florida has the greatest potential for economic losses due to the expanding oil slick off the Louisiana coast.

The biggest economic sector at risk is Florida’s tourism industry which accounted for over $64 billion in 2009.

Florida has no personal income tax so its state and local governments obtain most of their revenue from sales and real estate taxes. That income could be drastically reduced by a drop in tourism and in real estate prices.

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In the following video scientists discuss how the spill will effect Florida’s coastline.