Budget Cycle

Governor Submits Budget 
December or February
(30 days prior to session)

Fiscal Year Begins
July 1

Governor Signs Budget

Budget Links

FY2025 (proposed)
FY2024 (enacted)
FY2023 (enacted)
FY2022 (enacted)
FY2021 (enacted)
FY2020 (enacted)

Proposed Budget - Fiscal Year 2025

On December 5, Florida Governor Ron DeSantis introduced a $114.4 billion all funds budget for fiscal 2025, a decrease of $4.7 billion, or 4.0 percent, compared to fiscal 2024. The general revenue portion of the budget totals $46.0 billion, a decrease of $1.6 billion, or 3.4 percent, from the current year. Based on the latest general revenue estimating conference, net general revenues are estimated at $48.0 billion in fiscal 2025, an increase of 1.6 percent over fiscal 2024. The budget has a combined reserve total of $16.3 billion, including a general revenue ending balance of $6.4 billion and a Budget Stabilization Fund of $4.8 billion.

Proposed Budget Highlights 

The budget reaffirms the governor’s commitment to fiscally responsible governance, spending less and setting aside reserves for future needs while focusing on successes in education, children and families, protecting the environment, preserving law and order, and promoting economic development.

Taxpayer Savings
  • The budget includes more than $1.1 billion in tax relief through permanent and temporary cuts:
  • $165.0 million – permanent increase of the Sales Tax Collection Allowance
  • $37.1 million – permanent sales tax exemption for over-the-counter pet medications
  • $21.7 million – permanent insurance premium tax exemption for flood insurance policies
  • $5.0 million – permanent tax credit for employment of individuals with unique abilities
  • $409.2 million – one-year exemption on taxes, fees, and assessments for residential property insurance policyholders
  • $168.6 million – two Back-to-School sales tax holidays
  • $241.4 million – three-month Freedom Summer sales tax holiday for outdoor recreation purchases
  • $48.5 million – two 14-day disaster preparedness sales tax holidays
  • $16.2 million – 7-day skilled worker tool sales tax holiday
  • Includes $27.8 billion in total funding for the K-12 financing program that includes increases for the Base Student Allocation ($107), mental health allocation ($20.0 million), student transportation ($20.0 million), and safe schools component ($40.0 million). 
  • Increase of $200.0 million for $1.3 billion total funding to provide salary increases for teachers and other instructional personnel.
  • Maintains $10.0 million for recruitment bonus for retired military veterans and retired first responders who commit to joining the teaching profession.
  • The budget does not include any tuition or fee increases for the state’s colleges and universities.
  • Fully funds the projected student enrollment for the Bright Futures Scholarship Program at $603.0 million.
  • Includes a historic $853.0 million to support workforce education programs, including an increase of $100.0 million for the Workforce Development Capitalization Incentive Grant Program ($200.0 million). 
  • Includes more than $1.1 billion for the protection of water resources, including $745.0 million for Everglades restoration projects and $330.0 million for targeted water quality improvements to achieve meaningful nutrient reductions.
  • Includes $50.0 million to restore Florida’s world-renowned springs.
  • Includes more than $55.0 million to improve water quality and combat the impacts of harmful algal blooms.
  • Invests more than $157.0 million for resiliency of coastlines, including for planning, projects, and coral reef protection.
Children and Families
  • Proposes nearly $400.0 million across three affordable housing programs.
  • Includes $363.6 million to provide targeted rate increases to Medicaid and Home- and Community-Based Services waiver providers, including for obstetric care providers and services included in the continuum of care for behavioral health.
  • Provides $294.6 million to provide additional support for mental health treatment facilities and to enhance suicide and crisis services.
  • Includes $103.5 million to support those served by the child welfare system, supporting foster parents and caregivers and expanding adoption incentives. 
  • Provides $127.4 million to allow additional individuals with unique abilities to receive necessary services through the Home- and Community-Based Services waiver and a newly established pilot project.
Public Safety
  • Allocates an additional $276.6 million to improve correctional officer retention, increase inmate programming, make facilities safer, and enhance inmate mental health services.
  • Includes $13.3 million in pay-parity initiatives for classification and maintenance personnel in the Department of Corrections.
  • Provides an additional $12.0 million to continue the unified education system implementation across juvenile residential programs.