“Despite the headwinds created by the Biden administration’s policies, Florida is in a strong fiscal position because we preserved freedom and kept our economy open,” governor declares.
The state of Florida saw a surplus of $21.8 billion for the 2022 fiscal year, the highest in state history and more than 21% higher than the state’s spending plan, Gov. Ron DeSantis said Thursday.
Tax collections in May were $742 million above estimates; preliminary data for June is approximately $950 million above estimates.
“Despite the headwinds created by the Biden administration’s policies, Florida is in a strong fiscal position because we preserved freedom and kept our economy open,” DeSantis said. “Our responsible policies have allowed us to make record investments to support our communities, promote education, protect the environment, and provide record tax relief for Floridians, all while building record reserves to protect the state against the reckless fiscal policies from Washington.”
Florida’s surplus includes a record $15.7 billion in unallocated general revenue, $2.8 billion in unallocated trust funds and $2.7 billion in the Budget Stabilization Fund, otherwise known as its Rainy-Day Fund, the highest in state history.
The surplus also includes $499 million in the newly created Emergency Preparedness and Response Fund.
Florida also continues to outpace the nation with record employment growth and low unemployment.
If only our leaders (professional spenders) in Washington could take a cue.
The only smart state and smartest Governor hope he wins in 2024 we just might be able to get our country back if he runs for President.
Hell no. He overachieved, should stay in FLA and not relocate to 1600 Penn Ave.
well he wont make president too much common business sense
hes way too smart and coherent to be president
If he’s doing it right, what are others doing wrong?
Everything!!!
Huge surpluses, projects/estimates were well below. Hmmm its great from a private entity standpoint but its STATE GOVT. Where there is no “profit”. Breaking even is success since it involves TAXPAYER dollars. $21+ BILLION. Need new budgetary operating procedures. Missing on projections…geez. What if it went the other way and a huge deficit?
All monies should go back to taxpayers, period. Ronnie doesnt get to pass go and collect 1600 Penn Ave. Hell NO.
you know the Democrats would love to get their hands on that money and Florida would be in debt in less than a year