FY 2025-26 Governor Budget Highlights

The Focus on Fiscal Responsibility Budget Overview, Debt Reduction, and Reserves The Governor’s Focus on Fiscal Responsibility Budget for Fiscal Year 2025-2026 totals $115.6 billion, more than $3.0 billion lower than the current year budget, and continues the Governor’s commitment to fiscal responsibility. Of the total $115.6 billion, the General Revenue portion is $50.2 billion, a $383.4 million increase over the current Fiscal Year 2024-2025 General Revenue budget. Florida’s total reserves are $14.6 billion, over 12.5 percent of the total budget for the fiscal year, leaving ample resources for any unforeseen circumstances. Florida’s continued prioritization in maintaining reserves, and prudent fiscal management, is demonstrated by the state’s continued AAA credit rating from all major credit rating agencies, which now exceeds the U.S. Government’s credit rating. Additionally, the Governor’s Budget eliminates 741 government positions to operate a lean and streamlined government that maximizes taxpayer resources. Debt Reduction Florida’s blueprint for sound fiscal policy includes an effective Debt Reduction Program, established by Governor DeSantis. The Governor has set a goal to pay down 50 percent of the state’s tax-supported debt by Fiscal Year 2027-2028. The Focus on Fiscal Responsibility Budget provides $830 million, including $600 million to support tax-supported debt across government and an additional $230 million to pay off all outstanding Florida Forever and Everglades bonds, reinforcing the Governor’s commitment to conserving our state’s natural resources and restoring the Everglades. With this investment, Florida will have paid down 48.7 percent of the total tax-supported debt by the end of Fiscal Year 2025-2026. Florida is evidence that fiscally conservative principles coupled with strong leadership will result in a strong economy, a balanced budget, and healthy reserves while still providing record funding for education and environmental priorities. Maintaining Strong Reserves The Focus on Fiscal Responsibility Budget continues to prioritize healthy reserves that ensure Florida can effectively respond to storms and unforeseen disasters, providing for both a balanced budget and $14.6 billion in total reserves as follows: • $4.2 billion in unallocated General Revenue • $4.9 billion in the Budget Stabilization Fund • $2.3 billion in unallocated Trust Funds • $1.0 billion in the Emergency Preparedness and Response Fund • $2.2 billion in the Reinsurance Assistance and the Florida Optional Reinsurance Assistance Programs • $14.6 billion in Total Reserves