Overview

• Lawmakers reached a budget compromise on June 13 to satisfy the 72-hour cooling-off period before a planned Monday vote
• The agreement sets the 2025-26 fiscal plan at about $119.8 billion including federal and dedicated funds, with the new year starting July 1
• The package commits $830 million to state debt relief and $2.25 billion in tax cuts that eliminate the business rent tax and extend permanent sales tax exemptions
• It allocates $460.7 million for water-related projects and nearly $560 million across roughly 280 local programs from schools to emergency management
• Governor Ron DeSantis will have about two weeks after passage to sign the plan and consider line-item vetoes before the fiscal year begins