With the release of the fiscal year 2016-17 budget, lawmakers now have 72 hours to read the final proposed budget prior to voting. The Tax and Budget Reform Commission, with the urging of Florida TaxWatch, was instrumental in enacting the constitutionally required 72 hour “cooling off” period, ensuring that the public, press and all legislators have a chance to examine the budget before a vote is cast. The $82.349 billion state budget will fund various state agencies and critical needs for all Floridians.

“The Governor’s budget includes smart, targeted tax cuts to stimulate business growth while investing in critical areas like child protection and education to ensure all Floridians have the opportunity to pursue success in school and in life,” said Dominic M. Calabro, President and CEO of Florida TaxWatch.

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.