Florida TaxWatch is pleased to present taxpayers with a guide to the FY2023-24 state budget, which went into effect July 1, 2023. The 2023 Legislature appropriated a total of $118.7 billion for FY2023-24. This Budget Guide includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-the-bill” spending, and appropriations made in general bills—net of the Governor’s vetoes.
Tallahassee, Fla. – Florida TaxWatch announced that tomorrow, Thurs., April 14 marks the 2022 Florida Taxpayer Independence Day. This symbolic occasion assumes that every dollar Floridians earned since the start of the year goes to pay local, state, and federal taxes, but now, they will finally begin earning for themselves. Based on the relative size of all taxes paid in Florida to the state’s total personal income, it took taxpayers an average of 103 days to satisfy their tax obligations this year, four more days than in 2021.
Tallahassee, Fla. – Today, Florida TaxWatch, the state’s premier independent, nonpartisan policy research institute, is releasing a report entitled Manufacturing a Transformational Shift: Expanding Florida’s Workforce Development Through Sector Strategies. It features a comprehensive summary of the 2021 MakeMore Manufacturing Summit, which included a series of four events (three virtual and one in-person) from June through October 2021, bringing together thought leaders such as Associated Industries of Florida, CareerSource Florida, the Florida Chamber of Commerce, Enterprise Florida, and FloridaMakes to elevate the importance of the Manufacturing industry in Florida and identify ways to strengthen and advance Florida’s economy by improving the competitiveness, productivity, and technological performance of its Manufacturing sector.
With state coffers already swelling, the General Revenue Estimating Conference (REC) met on January 21, 2022, to develop the state’s new forecast for general revenue (GR) collections. This is the revenue estimate that the 2022 Legislature will use for the new FY2022-23 state budget. The REC increased its estimate for GR collections by $3.3 billion in the current year (FY2021-22) and by $704 million in FY 2022-23. This means lawmakers have another $4 billion available to spend. Florida was already in its best fiscal shape in history.
Fiscally, Florida is in good condition. This is also true of the state’s debt position. FY 2020-21 marks the eighth consecutive year with a debt ratio below the 6 percent target.
Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!
Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!
Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Florida TaxWatch: Back-to-School Sales Tax Holiday Will Save Shoppers $69.4 Million
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released The Taxpayers’ Guide to Florida’s FY2021-22 State Budget, providing an overview of Florida’s $101.7 billion FY2021-22 State Budget, which was approved by the Florida Legislature, signed by Governor Ron DeSantis on June 2, 2021, and took effect today, July 1, 2021.
Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Florida’s $100 billion budget takes effect
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