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The Taxpayer’s Guide to Florida’s FY2024-25 State Budget

Budget/Approps, Research, Taxpayer Guide
/ Budget/Approps, Research, Taxpayer Guide / 3 minutes of reading

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2024-25 state budget, which went into effect July 1, 2024. The 2024 Legislature appropriated a total of $118.6 billion for FY2024-25. 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.

Florida TaxWatch Releases The Taxpayers’ Guide to Florida’s Fiscal Year 2023-24 State Budget

Releases
/ Releases / 3 minutes of reading

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released The Taxpayers’ Guide to Florida’s FY2023-24 State Budget, providing an overview of Florida’s Fiscal Year 2023-24 state budget, which was passed by the Florida Legislature during the 2023 Legislative Session and signed by Gov. Ron DeSantis on June 15, 2023. The guide analyzes all appropriations for the new fiscal year that began on July 1, 2023, net of the governor’s vetoes, including the $117 billion General Appropriations Act (GAA), “back-of-the-bill” spending, and appropriations made in general bills. After the governor’s vetoes, these items total $118.7 billion in spending, which means Florida’s state budget has grown by 28.6 percent in the last three years, the largest three-year growth since the housing bubble and economic boom of Fiscal Year 2004-05 through Fiscal Year 2006-07.

The Taxpayer’s Guide to Florida’s FY2023-24 State Budget

Research, Taxpayer Guide
/ Research, Taxpayer Guide / 3 minutes of reading

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. 

Point of View: 40 years of being the Florida taxpayers’ eyes and ears

Op-Eds
/ Op-Eds / 3 minutes of reading

In today’s world of immediate access to information and ten-minute news cycles driven by social media, it is easy to forget that when it comes to government policies, we are all playing the long game. Florida’s low-tax, business-friendly climate and taxpayer-friendly policies have allowed our state to become one of the most desirable places in the world to call home. But it was not always this way. On the way to becoming the Sunshine State we all know and love, there were more and higher taxes, a more volatile constitutional amendment process and less-informed elected leaders.

Budget Watch – General Revenue Estimates Inject $842 Million Into The Next Budget Process

Budget & Appropriations, Research
/ Budget & Appropriations, Research / 2 minutes of reading

Less than a week after the Senate Appropriations Committee heard a gloomy presentation on the outlook for the upcoming budget, the General Revenue Estimating Conference met on December 18 and increased the revenue projections by $461.5 million in FY2018-19 and another $380.5 million in FY2019-20. This means the 2019 Legislature will have an estimated $842 million more in General Revenue (GR) collections for the next state budget than was previously expected.

Government Efficiency Should Not Be Something We Do Every Four Years

Budget/Approps, Cost Savings, Local Government, Research
/ Budget/Approps, Cost Savings, Local Government, Research / 3 minutes of reading

Florida has proven ideas, demonstrated wins, and active tools; now it needs permanence. By embedding efficiency into the annual budget cycle—backed by transparent tracking and regular reporting—the state can convert sporadic initiatives into sustained savings and better service delivery for taxpayers.

Op-Ed: Reversing Florida’s Back-Breaking Tort Tax

Op-Eds
/ Op-Eds / 3 minutes of reading

If you are looking for a wild ride in the legal system, Florida is the place to be. Florida has taken significant steps to mitigate the effects of the state’s tort environment, specifically as it relates to the challenging property insurance marketplace. The legislature convened in May and December 2022 to pass crucial legislation (Senate Bill 2D and Senate Bill 2A) intended to help the marketplace heal from frivolous lawsuits, insurance company insolvencies, and issues resulting from natural catastrophes. (For perspective, Florida makes up 79 percent of homeowners insurance lawsuits nationwide, but only accounts for 9 percent of all homeowners insurance claims). Yet there is still a great deal of room for improvement.

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