Proposed Budget - Fiscal Year 2024
On February 1, Florida Governor Ron DeSantis introduced a $114.8 billion all funds budget for fiscal 2024, an increase of $3.8 billion or 3.5 percent from the current year budget. The general revenue portion of the budget totals $42.4 billion, a decrease of $304.3 million or 0.7 percent from fiscal 2023. Estimated general revenues (recurring and non-recurring) for fiscal 2024 were projected to be $42.5 billion at the time of the governor’s rollout, an increase of 1.2 percent over the fiscal 2023 estimated general revenues of $41.99 billion. Florida’s economists have since added $4.3 billion to the Fiscal Year 2024 projected General Revenue collections. The Governor’s budget factored in Fiscal Year 2023 actual collections, which included overages of over $2.3 billion. The general revenue ending balance is estimated at $6.9 billion in fiscal 2024 while all reserves combined would total $15.7 billion; the Budget Stabilization Fund is estimated at $3.4 billion.