© 2024 All Rights reserved WUSF
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Get the latest coverage of the 2024 Florida legislative session in Tallahassee from our coverage partners and WUSF.

DeSantis reveals Florida's new state budget on Marco Island

Chris Day
Fresh Take Florida

Gov. Ron DeSantis was on Marco Island Tuesday to unveil the new state budget for Florida.

Gov. Ron DeSantis was on Marco Island today to unveil the new FY 2024-2025 state budget for Florida.

“The budget that we’re going to be submitting to the legislature is a top-line of $114.4 billion. That is actually less than our current fiscal year 2023-2024 budget. With our budget, we will have a surplus reserve amount that is $16.3 billion,” he said.

DeSantis went on to say that the state would be making investments in education, transportation, and infrastructure. A proposed tax relief package will create a one-year exemption on taxes, fees, and assessments for residential property insurance policyholders for $409 million. A permanent tax exemption on flood insurance policies for $22 million will reduce the cost of flood insurance.

Residents will also benefit from sales tax holidays. From Memorial Day to Labor Day, outdoor recreation items as well as tickets for events and museums will be tax free, saving families more than $241 million. Sales tax holidays on back to school items will take place twice a year, saving Floridians $169 million. Disaster Preparedness Sales at the beginning of hurricane season will save sales taxes in the amount of $49 million.

Among the spending on education, the Governor proposed $450 million for Florida's Voluntary Pre-Kindergarten program, which serves about 138,000 children for free.

Read more about the budget details here.

WGCU is your trusted source for news and information in Southwest Florida. We are a nonprofit public service, and your support is more critical than ever. Keep public media strong and donate now. Thank you.

Copyright 2023 WGCU. To see more, visit WGCU.

Cary Barbor