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Florida TaxWatch 2025 Legislative Session Wrap-Up: Extended Session Edition – Includes Final Budget, Tax Package, and Vetoes

Budget/Approps, Local Government, Procurement, Research

Florida TaxWatch’s 2025 Legislative Session Wrap-up Report provides a comprehensive analysis of Florida’s extended legislative session that concluded June 16 with a $115.1 billion budget and $2.0 billion tax package. The Governor signed the budget on June 30 and issued $376 million in line-item vetoes, resulting in a net budget of $114.8 billion while maintaining strong fiscal reserves of $12.6 billion.

General Revenue Estimates for the Current Budget Year Reduced by $3.4 Billion

Budget/Approps, Research

After 128 months of economic expansion through February 2020, the global coronavirus pandemic brought on the largest post-war contraction in U.S. history. With the resulting closure or slowdown of businesses, record unemployment, and a loss of tourism, Florida’s economy is suffering. The impact on government revenue has been and will continue to be profound. The General Revenue Estimating Conference met on August 14 and reduced the revenue projections by $3.420 billion in the current budget year and $1.994 billion in FY2021-22. This follows news that actual collections in FY2019-20 fell $1.9 billion short of the estimate. 

Florida TaxWatch News Clips (July 15 -31)

In the News

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!

Program of All-Inclusive Care for the Elderly (PACE) Report 2019

Health Care, Research

As of 2010, there were 2.5 million Floridians in their 50s, 2.1 million Floridians in their 60s, 1.4 million Floridians in their 70s and almost 1 million Floridians in their 80s and above. There is every reason to believe that these numbers will continue to rise. Recent estimates predict that Florida’s 65 and older population will represent 24.1 percent of Florida’s overall population by the year 2030. As Florida’s population continues to age, the elderly population will require vastly different and more costly forms of health care, such as long-term care for chronic conditions, more frequent examinations and follow-ups, and services and care for cognitive and mental impairments.

Florida TaxWatch Presents More Than 130 State Employees in Central Florida with TaxWatch Productivity Awards

Press Releases

LAKELAND, Fla. – Florida TaxWatch (FTW) this afternoon awarded more than 130 state employees based throughout Central Florida with TaxWatch Productivity Awards (TPA) during a ceremony held at the Lone Palm Golf Club in Lakeland. The TPA program is celebrating 30 years of recognizing and rewarding the dedication of the state’s workforce who find ways to improve services, increase efficiencies, and save taxpayers hundreds of millions of dollars each year. The awards were presented by Kyra Solutions, Inc.

Florida TaxWatch Announces Winners of the 2019 TaxWatch Productivity Awards Program

Press Releases

TALLAHASSEE, Fla. – Florida TaxWatch (FTW) today announced the winners of the 2019 TaxWatch Productivity Awards (TPA), which is celebrating 30 years of recognizing and rewarding the dedication and hard work of state employees who find ways to improve services, increase efficiencies and save taxpayers hundreds of millions of dollars each year. The awards program is presented by Kyra Solutions, Inc.

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