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Despite Uncertainty and Significant Downside Risk, Florida’s New General Revenue Forecast Adds $1.3 Billion to the Money Available for the New Budget

Budget/Approps, Research

Florida TaxWatch’s Budget Watch report for March 2025 examines the state’s updated General Revenue forecast, which adds approximately $1.3 billion to the money available for the new state budget. After a long streak of collections exceeding estimates, January’s shortfall signals a shift amid mounting economic uncertainty.

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

Releases

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

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 Budget Turkey Watch Report

Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released its 2023 Budget Turkey Watch Report, an independent review of the state’s $117 billion Fiscal Year 2023-24 budget. Since 1983, FTW has provided Floridians with­­ this additional level of oversight by identifying individual appropriations that circumvent a thoughtful and thorough budget process. The annual Budget Turkey Watch Report is based on the principle that, because funds appropriated by the legislature belong to Florida taxpayers, the process must be transparent and accountable, and every appropriation should receive proper deliberation and public debate. 

Florida TaxWatch Releases Initial Review of Florida’s Fiscal Year 2023-24 Budget, Focuses on $670 Million Added Through Sprinkle Lists

Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released $670 Million Added to the New State Budget Through the Sprinkle Lists Deserves Close Scrutiny During the Governor’s Veto Deliberations, an initial review of Florida’s Fiscal Year 2023-24 budget, focusing on the $670 million that was added through supplemental appropriations, or “sprinkle lists,” developed by the Senate and the House of Representatives.

Florida’s FY2022-23 State Budget

Budget/Approps, Corrections/Judicial, Economic Development, Education, Energy & Environment, Health Care, Insurance, Research, Taxpayer Guide, Tourism, Transportation

Florida TaxWatch is pleased to present taxpayers with a guide to the FY2022-23 state budget, which went into effect July 1, 2022. The report includes all appropriations for the new fiscal year— the General Appropriations Act (GAA), “back-of-bill” spending, and general bills—net of the Governor’s vetoes.

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