Florida TaxWatch 2025 Legislative Session Wrap-Up

Pre-Budget Edition

Florida TaxWatch’s 2025 Legislative Session Wrap-Up report provides a concise but comprehensive overview of the extraordinary budget impasse that extended this year’s session to June 6, 2025, the narrow scope of allowed legislation (including the General Appropriations Act, budget conforming bills, the House and Senate tax packages, and the Rural Renaissance bill), and the high-stakes negotiations that will resume on May 12 in conference committee.

Florida Voters Continue Their Generosity, Approving $1.9 Billion in Local Tax Increases and Almost $1.0 Billion in Bond Issues

2024 Florida Tax & Bond Referenda

/ Categories: Research, Budget/Approps, Economic Development, Local Government

Florida voters demonstrated strong support for local tax increases and bond issues in the 2023-2024 election cycle, approving 89% of referenda. Voters passed $1.9 billion in annual tax increases and nearly $1 billion in bond issues, primarily targeting schools, infrastructure, and public services. The report highlights Florida's unique reliance on local government funding, with municipalities and special districts providing over 56% of the state's revenue. Despite statewide tax cuts, local taxes are rising with voter approval, reflecting public willingness to invest in community development when they perceive clear value and benefit.

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Cost of Living in Florida: A Mid-Decade Check-In

Cost of Living in Florida: A Mid-Decade Check-In

For millions of Floridians, the defining economic question of the mid-2020s isn't about growth or GDP — it's about whether they can still afford to stay.

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Tourism in Central Florida: Why Tourist Development Tax Revenue Should Not Be Diverted

Tourism in Central Florida: Why Tourist Development Tax Revenue Should Not Be Diverted

To remain competitive and sustain Florida’s share of the U.S. tourism market, Florida must continue to invest in tourism marketing and promotion to make sure that when tourists begin to plan their next vacation, they think first of Florida. Florida TaxWatch recommends the Legislature not approve any legislation that permits local governments divert the use of TDT-generated revenue from tourism marketing to support other activities.

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