Introduction Through the operation of one of the nation’s most expansive universal school choice systems, Florida continues to be a leader in providing educational choice […]
Dear Fellow Taxpayer, With more than 8,400 miles of coastline and a flat, low-lying coastal topography, Florida is especially vulnerable to the effects of sea
FOR IMMEDIATE RELEASE: Friday, September 19, 2025 CONTACT: Christina Johnson Tallahassee, Fla. – Today, Florida TaxWatch released “Options to Eliminate or Reduce the Property Tax Burden on Florida Homeowners” primer,
Florida’s revenue forecast has been updated, adding $2 billion more to the state’s budget for the next two years. This is the ninth consecutive increase, driven by strong investment earnings, sales taxes, and corporate income taxes. Despite earlier predictions of slowed growth, revenues continue to exceed expectations, but there are potential risks on the horizon.
As Florida TaxWatch has been detailing in our Budget Watch series,1 the state’s fiscal circumstances have been steadily improving since the initial shock (and resultant revenue loss) at the beginning of the pandemic. Even with historic state spending and tax cuts over the last two budgets, record reserves still exist. Florida’s tax system continues to produce revenue at a breakneck pace, with actual collections beating the estimate in each month over the last two year. Lately, the magnitude of the overage has been staggering. In the last three months of FY2021-22 (April-June), collections exceeded estimates by $2.545 billion (23.9 percent).
Prepared remarks for Florida TaxWatch Chairman George S. LeMieux, Florida TaxWatch State of the Taxpayer, 2022 – AC Hotel Tallahassee Universities at the Capitol, January 12, 2022
Estimating Conference says that revenue from the gaming agreement that was reached in July between the state and the Seminole Tribe will more than offset a projected revenue loss for the state.
Lawmakers received a small measure of positive fiscal news from state economists this week. The General Revenue (GR) Estimating Conference met on December 12, 2016 and increased its revenue forecast by $119.3 million in the current year (FY2016-17) and by $22.6 million for the next budget year (FY2017-18).
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.
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