Fiscal Year 2023-24 Framework for Freedom Budget Statewide Overview and Taxes Over the past few years, as so many states grinded their citizens down, Florida lifted its people up. Under the leadership of Governor Ron DeSantis, Florida has steadfastly worked to improve the lives of its residents including guaranteeing access to highquality education, creating a robust economy that continues to outpace the nation, providing access to resources for those recovering from hurricanes, and investing record funding into the Everglades and Florida’s water resources. Governor DeSantis has articulated a vision for a free and prosperous state, providing a Framework for Freedom for those across the country to follow. The Framework for Freedom Budget for Fiscal Year 2023-24 totals $114.8 billion and continues Governor DeSantis’ commitment to Florida’s K-12 students, parents and teachers, environmental resources, and law enforcement, all while maintaining healthy reserves, including $6.9 billion in General Revenue. Of the total $114.8 billion, the General Revenue portion is $42.4 billion. Florida’s total reserves are $15.7 billion, 13.7 percent of the total budget for the fiscal year, leaving ample resources for any unforeseen circumstances. The Framework for Freedom Budget recommends a net decrease of 46 FTE based on a realignment of priorities across state agencies, reducing excess vacant positions to accommodate the additions of new positions for critical programs and services where they are needed. Taxpayer Savings Governor DeSantis’ Framework for Freedom Budget recommends record tax relief for Florida families, including permanent tax cuts to keep more money in the pockets of Floridians. Florida’s per capita state tax collections of $2,002 is the second lowest among all states. In the first year of his second term, Governor DeSantis has championed a $2 billion tax cut plan to provide relief to Florida families. In addition to the $500 million Toll Relief Program which began on January 1, 2023, the Framework for Freedom Budget includes an additional $1.5 billion in tax cuts, including: •
A permanent sales tax exemption for baby and toddler necessities for $138.7 million – This covers certain baby and toddler necessities such as clothing, shoes, and diapers for children under 5, and all baby wipes.
•
A permanent sales tax exemption for cribs and strollers for approximately $3.9 million Page 1 of 34