February 26, 2024

Florida Budget Proposals in Brief (FY 2024-25)

The Florida Senate passed its fiscal year (FY) 2024-25 budget proposal (SB 2500), which totals $115.9 billion and represents a $578 million (or a 0.50 percent) reduction from the current budget.[1] The Florida House’s FY 2024-25 budget proposal (HB 5001) totals $115.5 billion and represents a $969 million (or a 0.83 percent) reduction compared to the current budget.

The next step in the budget process will be for joint budget conference committees to meet and reconcile any differences to propose a General Appropriations Act (GAA) for FY 2024-25. Both chambers will then vote on the proposed GAA, and once it is passed, it will be sent to the governor, who can make line item vetoes and sign the bill into law. The Legislature can then override vetoes if two-thirds of the members, in each chamber, vote to do so. The final budget will be enacted as of July 1, 2024.

In the seven-part "Florida Budget Proposals in Brief" blog series linked below, Florida Policy Institute highlights some of the key components of the House and Senate budget proposals — where they align, how they differ, and what it means for Floridians, communities, and the state economy. Overall, the Senate and House budget proposals for FY 2024-25 are quite similar. Unlike previous years, the budget conference committees will not have many significant differences to negotiate. Still, there are some notable variances, and the funding decisions have both fiscal and policy implications for the state.

Health and Human Services

Education

Criminal Justice and Corrections

Environment

Immigration Enforcement

Safety Net

Housing 

Note

[1] For analysis of top-line budget figures, FPI uses the current General Appropriations Act (FY 2023-24), including vetoes, for sections 1-7, which totals $116.5 billion. However, this does not include back-of-the-bill sections.  For the current GAA, including vetoes, plus back-of-the-bill appropriations, supplemental appropriations, and transfer totals, please see the Florida Legislature’s “Fiscal Analysis in Brief: 2023 Legislative Session: Chart 8.”

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