We have a once-in-a-generation opportunity to invest in Florida’s future

Here is what Florida TaxWatch thinks the Legislature should do.

/ Categories: Budget/Approps, Economic Development, Taxpayer Guide, In the News

The 2022 legislative session begins today and, despite the pandemic, Florida is in an enviable fiscal position. The state’s current budget is record in size, as are our budget reserves. Revenue collections are back above pre-pandemic levels, and this Legislature will have even more money available for the next budget cycle, made possible by both strong economic performance and billions in unappropriated federal funds.

THE GOVERNOR’S FY 2022-23 BUDGET RECOMMENDATIONS

With Flush State Coffers, the Governor’s Budget Would Make Significant Investments While Leaving Billions in the Bank

/ Categories: Research, Budget/Approps

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.

Florida Will Receive Billions From The Infrastructure Investment and Jobs Act, But Is It The State’s Fair Share?

/ Categories: Research, Taxes, Budget/Approps, Transportation

The Infrastructure Investment and Jobs Act (IIJA),1 signed by President Biden on November 15, 2021, will make a significant investment in the nation’s transportation system and other infrastructure. Billions of dollars will be distributed to the states for a wide range of projects, including all modes of transportation, broadband, cyber security, water infrastructure, energy, climate change, resiliency, and pollution mitigation. Florida will get a sizable chunk of these funds.

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

/ Categories: Research, Budget/Approps

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.

Navigating Federal Pandemic Relief: Following billions in stimulus dollars, where do we go from here?

/ Categories: Research, COVID Recovery, Budget/Approps

The massive amount of federal funding provided in the six stimulus acts provides an unprecedented opportunity to improve Florida and fund programs and infrastructure that have had long-standing backlogs with few past feasible opportunities to address to this degree.