US EditionHouse, Senate Reach Deal on Nearly $50B in Budget Allocations
- Florida House Speaker Daniel Perez and Senate President Ben Albritton reached a tentative $49.96 billion budget deal for the 2025-26 fiscal year.
- The deal followed prolonged negotiations marked by disagreements over sales tax cuts, with the House pushing for a rate reduction and the Senate concerned about Governor DeSantis' veto threat.
- The budget provides $2.25 billion in ongoing tax relief, including $900 million from abolishing the business rent tax, $350 million allocated to permanent exemptions from sales tax aimed at supporting families, and an additional $250 million dedicated to reducing debt.
- Albritton described the budget plan as fiscally responsible, highlighting its role in cutting state expenditures and bolstering reserves, while Perez criticized him for reneging on commitments made during negotiations.
- Lawmakers will hold budget conferences before voting June 16 on the finalized budget and a joint resolution to raise the rainy day fund cap from 10% to 25%, subject to voter approval in 2026.
10 Articles
10 Articles
House, Senate reach deal on nearly $50B in budget allocations
Just one day before budget conferences are set to start in the Legislature to iron out a past-due budget, legislative leaders have reached an agreement on budget allocations, a critical step before negotiating the finer details. The allocations total $49.96 billion, with the largest allocation going toward health and human services, at $17.5 billion. Behind that is the state pre-K-12 education allocation, at $16 billion. The allocations also slo…
Colorado Springs Gazette
Florida lawmakers reach $2.25B tax relief deal, session to end by June 16
(The Center Square) – After weeks of verbal sparring, Florida lawmakers reached a tentative budget deal that would include $2.25 billion in tax relief. In memorandums issued to their members, House Speaker Daniel Perez, R-Miami, and Senate President Ben Albritton,…
Lawmakers, Lamont reach deals on budget and energy savings
Lawmakers reached deals on both the budget and a massive energy bill Monday, checking off two major priorities with the end of the session fast approaching. The budget calls for $55.8 billion in spending over two years, according to the nonpartisan Office of Fiscal Analysis, an increase of more than $1 billion each year. “While people may not be happy...
Florida Lawmakers Strike Tentative Budget Deal, Promising $2.25 Billion In Tax Relief
After weeks of intense negotiations and public disagreements, Florida lawmakers have reached a tentative budget deal that is set to deliver $2.25 billion in tax relief to businesses and families across the state. The breakthrough comes as the Legislature aims to conclude its session by June 16, following a constitutionally mandated 72-hour review period. In […] Florida Lawmakers Strike Tentative Budget Deal, Promising $2.25 Billion In Tax Relief
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