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.
The Revenue Estimating Conference (REC) met on August 16, 2022, to develop the state’s new forecast for general revenue (GR) collections. After the close of FY2021-22, which wildly exceed revenue expectations, the REC increased the estimates for FY2022-23 and 2023-24 by a total of $5.3 billion.
In early June, Florida TaxWatch received the Bond Oversight Committee Quarterly Report for the Quarter Ended March 31, 2022 (“Quarterly Report”). This report provides updated information on the implementation of the District’s SMART Program and the use of general obligation bond funds to purchase and install technology upgrades, purchase music and arts equipment, improve school safety, upgrade athletic facilities, and renovate educational facilities.
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.
TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released 2021 How Florida Compares: Taxes, which includes an analysis of Florida’s state and local tax rates, tax collections, and other government revenues and compares the data to the 49 other states and the national average. The report is part of the taxpayer research institute’s larger How Florida Compares series, providing neutral, nonpartisan information intended to help Floridians better understand their state.
Have you ever wondered how Florida’s taxes stack up against the taxes in other states? If so, this report is for you.
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’s $100 billion budget takes effect
TALLAHASSEE, Fla. – Florida TaxWatch and Mason-Dixon Polling & Strategy, Inc. today released the results of a February 2021 poll, which indicate Floridians strongly support COVID-19 business and healthcare liability protections by 72 percent and 74 percent, respectively. Notably, these sentiments transcended party affiliation, as well as age, gender, race/ethnicity, and region.
Despite the negative revenue impact of the COVID-19 pandemic and the Legislature’s early talk of shortfalls and budget cuts, Governor Ron DeSantis has released a proposed budget for FY2021- 22 that totals $96.578 billion, a $4.308 billion (4.7 percent) increase over current year spending.
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