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House and Senate Release Budget Proposals
The Florida House and Senate have released their proposed state budgets for Fiscal Year (FY) 25-26. The House proposal totals $112.95 billion in spending, while the Senate’s budget comes in at approximately $117.36 billion. These budgets will be voted on next week, placing the bills in the proper posture to be reconciled during budget conference later in the legislative session.
House Budget
Speaker of the House Danny Perez (R-Miami) announced that the House budget proposal will permanently cut the sales tax rate from 6% to 5.25%. If successful, it would be the largest tax cut in state history. Accounting for this significant reduction in revenues from sales tax, the House budget proposal totals $112.95 billion. This is $6 billion less than the current fiscal year’s budget and $2.7 billion less than the budget Governor DeSantis proposed earlier this year.
Some highlights include $200 million for the Resilient Florida Grant Program, $55 million for facility repairs and maintenance at state correctional institutions, $285 million for affordable housing including $50 million for the Hometown Heroes program, $483 million for the My Safe Florida Home Program, and $12 billion to be kept in state reserves.
Funding for two additional circuit court judges is provided for Palm Beach County’s 15th Judicial Circuit and one additional county court judge.
The House also released its budget implementing and conforming bills. In one of these conforming bills the House proposes to eliminate a 10-year, $500 million health innovation loan program created by a recently enacted law which was part of former Senate President Kathleen Passidomo’s “Live Healthy” initiative. Included in these bills is also a repeal of the Local Trail Management Grant program offered by the Department of Environmental Protection, as well as an express ban on using state funding for programs that promote diversity, equity and inclusion.
Senate Budget
The Senate budget proposal sits at $117.36 billion, which is $1.3 billion less than the adjusted total budget for FY 24-25.
Highlights from this proposal include $403.8 million for affordable housing programs including $150 million for Hometown Heroes, $500 million for the Emergency Preparedness and Response Trust Fund, $200 million in appropriations as designated by the Rural Renaissance bill (SB 110), $80 million for VISIT Florida, and funding for two additional county court judges in Palm Beach County. The Senate’s budget eliminates 967 vacant, but currently funded position sand authorizes the early payment of $600 million in state debt.
The House and Senate are $4.4 billion apart with their budgets at this time, a very large difference that must be reconciled in the conference process. An announcement about when conference will take place is expected in the next two weeks.
Palm Beach County Appropriations Project Requests
To be eligible for conference and potential funding in the final budget, an appropriations project request must be funded in at least one chamber’s budget proposal. The Senate will review and consider amendments to its proposal on Wednesday in committee, providing an opportunity for additional projects to be eligible for funding in the final budget.
Of the 13 appropriation projects submitted by Palm Beach County, 12 have been included in at least one chamber’s proposal. We are currently working with members of our legislative delegation to introduce a budget amendment in the Senate for the final project to ensure all submitted requests qualify for conference. Below is a table reflecting where each of the projects submitted currently stand.
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