08-10-2024, 08:13 PM
TAMPA, Fla.—Today, Governor Ron DeSantis signed the ‘Focus on Florida’s Future’ Budget for Fiscal Year 2024-2025. The Focus on Florida’s Future Budget totals $116.5 billion—less than the previous fiscal year—which reflects a reduction in overall state spending. This year’s budget features significant investments for Florida’s top needs, and thanks to the Governor’s line-item actions, this budget will also result in $17 billion remaining for budgetary reserves. This funding will continue Florida’s important work in providing tax relief for its citizens; investing in our #1-in-the-nation education system; and supporting law and order, disaster preparedness, continued economic development, environmental conservation, and more. To view more information on the 2024-2025 budget, click here.
Since Governor Ron DeSantis took office, the State of Florida has paid down over 36% of its overall outstanding tax-supported state debt.
Additionally, Florida’s taxpayers are in store for $1.5 billion in tax relief in the coming year, including $450 million in toll relief.
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