Just as they did at their last conference in January, Florida’s revenue estimators reduced the state’s General Revenue (GR) projections. The GR Estimating Conference met on August 15, 2016 and reduced expected collections by $131.9 million in the current year (FY2016-17) and by $131.1 million for the next budget year (FY2017-18).
The FY2017-18 budget process is now underway. The Governor’s office recently provided budget instructions to state agencies to use in formulating their legislative budget requests (LBRs), which are due on October 14. The Governor will then use the LBRs to develop his budget recommendations, which must be provided to the Legislature at least 30 days before the start (March 7) of the 2017 Legislative Session.
Florida’s state government agencies have requested $77.835 billion in funding from the Legislature for FY2016-17, which is $1.2 billion (1.6 percent) more than these agencies are expected to spend in the current year. The total request is made up of $29.481 billion in general revenue (GR) and $48.354 billion in trust funds. The GR request is an increase of $854.5 million (3.0 percent). The latest revenue estimates forecast $31.653 billion in GR will be available for FY2016-17 meaning that the agency requests would leave GR reserves of $2 billion.
State economists predict lawmakers will have $657.5 million more than previously anticipated for the next state budget. The latest General Revenue (GR) forecast shows the state’s GR fund is expected to reach $31.6 billion for the 2016-17 budget year. The growing available funds mean recurring revenues exceed current recurring expenses by $1.6 billion.
FOR IMMEDIATE RELEASE: Tuesday, April 14, 2026 CONTACT: Christina Johnson Tallahassee, Fla. – Florida TaxWatch announced today that Friday, April 17 is Florida Taxpayer Independence Day (TID) 2026. This
FOR IMMEDIATE RELEASE: Thursday, August 28, 2025 CONTACT: Christina Johnson Tallahassee, Fla. – Today, Florida TaxWatch released a report Government Efficiency Should Not Be Something We Only Do Every
The 2020 Census is finally over, capping off a historic effort to accurately count every person in the United States during a pandemic. A few interesting stories emerge from the latest enumeration of the nation, such as the growing population shift to the South and New York losing a congressional House seat by only 89 people. Although Florida was one of the so-called “winners” in the current census because it secured an additional seat in Congress, the result was not as spectacular as expected.
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!
PRINT & DIGITAL Workers Push to Pass Amendment 2 for $15 Minimum Wage as Florida’s Tourism Industry Fights It (October 1, 2020) Orlando Sentinel Orlando
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!
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