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State General Revenue Estimates Increase Again

Budget/Approps, Research

The August 18 General Revenue Estimating Conference (REC) increased Florida’s general revenue projections by $1.567 billion (3.6 percent) in the current budget year and $1.203 billion (2.6 percent) in FY2024-25–a two-year total of $2.770 billion.  Add in the $1.084 billion that actual collections exceeded the previous estimate in the last four months of FY2022-23, and the Legislature has an additional $3.854 billion available for next state budget.  The new estimate accounts for the $1 billion reduction in revenues from 2023 tax relief and other legislative changes. 

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.

Senator George LeMieux Remarks SOTD 2022

Releases

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

Budget Watch – FLORIDA GENERAL REVENUE COLLECTIONS HAVE OUTPACED ESTIMATES FOR 14 CONSECUTIVE MONTHS

Budget/Approps, Research

The Florida TaxWatch Budget Watch series has been detailing the rapid recovery of the state government’s revenue collections from the initial precipitous drop in the early months of the COVID-19 pandemic. We have highlighted how current General Revenue (GR) estimates are back above the last pre-pandemic estimates. Coupled with billions of dollars in federal aid, Florida is in enviable fiscal shape as the Legislature heads into the 2022 Regular Session.

November 2020 News Highlights

In the News

Florida TaxWatch is constantly looking to spread the word about our research, recommendations, and programs, all in pursuit of serving each and every taxpayer in Florida. Below is just a selection of where we’ve popped up in the last few weeks!

STATEMENT: With April Revenue Down $878M From Estimates Florida TaxWatch Implores Legislature to Act on E-Fairness, Seminole Compact

Releases

TALLAHASSEE, Fla. – Today, after a report from the Office of Economic and Demographic Research (EDR) showed Florida revenue collections for the month of April were down $878 million below estimates, and down more than $675 million year-to-date, Florida TaxWatch (FTW) President and CEO Dominic M. Calabro released the following statement urging the Florida Legislature to take action to properly collect lawfully owed sales and use taxes on internet sales (E-Fairness) and re-establish a gaming compact with the Seminole Tribe.

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