TALLAHASSEE, Fla. | Today, Governor Ron DeSantis announced his Focus on Florida’s Future budget proposal for Fiscal Year (FY) 2024–2025. The Focus on Florida’s Future Budget totals $114.4 billion, more than $4.6 billion less than the current year budget, with $16.3 billion in reserves, leaving ample resources for any unforeseen economic issues. Florida has experienced record success over the last five years, ranking #1 in education, net in-migration, entrepreneurship, and new business formations, with 2.7 million new businesses formed since 2019. The Governor’s Budget also continues Florida’s record as the nation-leading example of success through fiscal conservatism by paying down an additional $455 million in debt and providing $1.1 billion in tax relief.
“Success is not something that is handed to a state as large as Florida, it requires a steadfast commitment to supporting families at every step,” said Governor Ron DeSantis. “By expanding workforce education for high-demand jobs, providing family-first tax relief, ensuring that Florida’s students can access a quality education that fits their needs, investing in resilient infrastructure and putting conservative principles at the forefront of every decision, we have delivered time and again for our residents. Florida’s success is proof positive that when you establish a foundation of governing on conservative principles and protect the freedom of your residents, success will follow. I look forward to seeing what we can accomplish over the next year.”
To read the budget highlights, click HERE.
To read the transmittal letter, click HERE.
To read the budget FAQs, click HERE.