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Florida Economic Forecast 2025 – 2034

Economic Forecast, Research
/ Economic Forecast, Research / 2 minutes of reading

Florida’s economy, valued at $1.76 trillion, entered 2025 on a strong footing but is projected to see its growth moderate to pre-pandemic levels over the next decade. This forecast from Florida TaxWatch indicates a shift from the high growth of recent years to a more sustainable, albeit slower, pace. While the state’s population is expected to increase by 2.3 million by 2034, the rate of new residents moving to Florida is projected to decline, influenced by rising living costs.

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

Budget & Appropriations, Research, Taxpayer Guide
/ Budget & Appropriations, Research, Taxpayer Guide / 2 minutes of reading

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).

Florida TaxWatch 2025 Legislative Session Wrap-Up: Extended Session Edition – Includes Final Budget, Tax Package, and Vetoes

Budget & Appropriations, Local Government, Research
/ Budget & Appropriations, Local Government, Research / 1 minute of reading

Florida TaxWatch’s 2025 Legislative Session Wrap-up Report provides a comprehensive analysis of Florida’s extended legislative session that concluded June 16 with a $115.1 billion budget and $2.0 billion tax package. The Governor signed the budget on June 30 and issued $376 million in line-item vetoes, resulting in a net budget of $114.8 billion while maintaining strong fiscal reserves of $12.6 billion.

2025 Budget Turkey Watch Report

Budget & Appropriations, Budget Turkeys, Research
/ Budget & Appropriations, Budget Turkeys, Research / 1 minute of reading

Florida TaxWatch’s 2025 Budget Turkey Watch Report delivers an independent, line-by-line review of Florida’s conference budget worth $115.1 billion. It identifies 238 appropriations totaling $413.5 million that bypassed established vetting procedures or public scrutiny—designating them as “Budget Turkeys”—and flags an additional $799.5 million in member projects that merit heightened executive review.

Florida Economic Forecast: Q1 2025

Economic Development, Economic Forecast, Research, Workforce Development
/ Economic Development, Economic Forecast, Research, Workforce Development / 2 minutes of reading

Florida’s economy has been growing to new heights these past years — reaching nearly $1.5 trillion. The Q1 2025 economic forecast by Florida TaxWatch examines key trends in population growth, employment, income, GDP, and tourism, offering valuable insights for policymakers, business leaders, and taxpayers.

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