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The Taxpayer’s Guide to Florida’s FY2025-26 State Budget

Budget/Approps, Research, Taxpayer Guide

Florida TaxWatch’s The Taxpayers’ Guide to Florida’s FY2025-26 State Budget explains the Legislature’s $114.8 billion spending plan (after $376 million in line-item vetoes)—a 3.2% decrease from FY2024-25—while maintaining $12.6 billion in reserves. General Revenue (GR) spending rises by $556 million, and the recurring GR base increases by $1.9 billion, even as total positions fall to 111,886 (-1,871).

Water Turkeys: Despite Increased Funding for Florida’s Water Resources and the Creation of New Competitive Grants Processes, Local Member Earmarks are Proliferating

Budget Turkeys, Budget/Approps, Research

Florida has been making very large investments in the protection and restoration of the state’s water resources. On his second day in office, Governor Ron DeSantis issued an Executive Order making water a top priority. The Executive Order called for funding of $2.5 billion over four years—$625 million a year—to significantly expedite Everglades restoration and enhance the protection of our water systems. This goal was surpassed, with $3.3 billion appropriated by the Florida Legislature in the last four years for specific key water funding in addition to hundreds of millions more in water-related appropriations also in the state budget.

Florida TaxWatch Releases Analysis of Federal Pandemic Relief and Stimulus Funding

Releases

TALLAHASSEE, Fla. – Today, Florida TaxWatch (FTW) released Navigating Federal Pandemic Relief: Following Billions in Stimulus Dollars, Where Do We Go From Here? The report presents an analysis of the dollars allocated to Florida for the six stimulus packages Congress has passed since March 2020 and offers recommendations to help the state take full advantage of the federal funding that has not yet been spent or the additional funds that it will receive in the near future.

2022 Legislature Should Reauthorize the Qualified Target Industry (QTI) Tax Refund Program

Economic Development, Research, Taxes

There has been an ideological debate regarding economic development incentives brewing in the Legislature for several years. The Qualified Target Industry (QTI) Tax Refund Program is a performance-based program that refunds some of the taxes a business has already paid, but only after it is verified that the contracted requirements have been met, including the promised increase in high-wage jobs.

Florida TaxWatch Releases Assessment of Broward College’s Broward UP™

Releases

TALLAHASSEE, Fla. – Today, Florida TaxWatch announced the release of the taxpayer research institute’s latest report, An Independent Assessment of the Value of Broward UP. Launched by Broward College in 2018, Broward UP (Unlimited Potential) is an innovative approach to increasing college access and delivering workforce education in communities impacted by high unemployment and low education attainment, with the aim to improve economic mobility in targeted Broward County area ZIP codes.

Panama City and Bay County Leaders Join Florida TaxWatch to Reiterate Importance of Increased Participation in the 2020 Census

Releases

Panama City, Fla. – Today, Florida TaxWatch (FTW) along with leaders from Panama City and Bay County highlighted the need for community participation in the 2020 Census. As the third largest and fourth fastest growing state in the country, the upcoming Federal Census count will be more important to the Sunshine State than nearly any other state. Federal grant programs distribute $700 billion using census data. If Florida is under-represented by the count, it could cost the state millions, or even billions, of dollars. Florida’s state and local officials need to immediately start ensuring the accuracy of the count by participating in existing intergovernmental processes to verify addresses and residences. 

THE GOVERNOR’S FY 2022-23 BUDGET RECOMMENDATIONS

Budget/Approps, Research

As the Florida TaxWatch Budget Watch series1 has been detailing, the budget outlook for the state is extremely rosy. Governor DeSantis’s 2022-23 budget recommendations reflect the current fiscal environment. It totals $99.7 billion and just like the current budget, the price tag does not fully account for all the spending it contains.

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