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Fiscal Year 2023: Florida’s Continuing Success in Debt Reduction

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The 2023 Debt Report for Florida highlights the state’s strong financial standing, with a debt ratio below the 6% legislative target for the tenth consecutive year. Florida’s debt and debt service have decreased, while General Revenue collections increased by $3.3 billion. Rating agencies affirmed AAA ratings and a stable financial outlook. The report details Florida’s debt management strategies, including limiting debt accumulation and maintaining high reserves, contributing to a strong debt capacity and reduced future costs. Local government debt, however, remains comparatively high. The state’s prudent financial practices are underscored, benefiting taxpayers and indicating a healthy fiscal future.

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

Research, Taxpayer Guide

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. 

Florida TaxWatch Releases 2023 How Counties Compare

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released the 2023 How Florida Counties Compare report, which examines Florida’s 67 counties and the myriad of local governments within the state, comparing the revenue and expenditure profiles of counties to give taxpayers an overview of how their local government stacks up against the other counties. 

Florida TaxWatch Announces Taxpayer Priorities for 2023 Legislative Session

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch released a list of taxpayer priorities for the 2023 Legislative Session, which begins on Tues., March 7 and is scheduled to adjourn on Fri., May 5. The list reflects a range of issues that the independent, nonpartisan taxpayer research institute has examined and will continue to closely monitor during the upcoming session. 

How Florida Compares: Taxes 2022

Research, Taxes, Taxpayer Guide

The annual Florida TaxWatch How Florida Compares: Taxes report ranks Florida’s state and local taxes against those levied around the nation. The nearly 40 tables, charts, and graphs in this report provide comprehensive information on state and local tax rates, tax collections, and other government revenues for all 50 states, and historical information for Florida.

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