The Florida House of Representatives and Senate passed their respective budget proposals (HB 5001 and SB 2500) for fiscal year (FY) 2021-22 on April 8, 2021. The recommendations total $97.1 billion in the House’s proposal and $95 billion in the Senate’s, increases of 5.3 percent and 3 percent, respectively, over the $92.2 billion current year budget.*
Despite the influx of federal dollars in the form of COVID-19 relief from the Coronavirus Aid, Relief, and Economic Security Act and the American Rescue Plan Act, neither proposal utilizes the funds to their fullest potential to generate an equitable and shared recovery. Instead, both chambers propose funding cuts in several areas, and — separate from the budget process — are also proposing a series of tax cuts, which would further reduce revenue needed to fund priorities.
*Florida Policy Institute defines current year funding in this report as FY 2020-21 appropriations, plus vetoes. Except for Figure 1, FPI does not include adjustments and supplemental funding in calculations of current year funding levels.