New General Revenue Forecast Adds $572.5 Million for the Next Budget New General Revenue Forecast Adds $572.5 Million for the Next Budget

New General Revenue Forecast Adds $572.5 Million for the Next Budget

/ Categories: Research, Budget/Approps, Local Government

The General Revenue (GR) Estimating Conference met on January 23 to adopt Florida’s latest GR forecast—the estimate that tells lawmakers how much is available for the next state budget. The updated forecast adds $572.5 million to the amount available for the upcoming budget year, but while meaningful, it amounts to only about one percent of total GR collections.

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

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 Watch | March 2025

/ Categories: Research, Budget/Approps

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.

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