Overview

• After missing the May 2 deadline, lawmakers reconvened and approved a $115.1 billion budget on June 16, 2025, marking the end of a 105-day session.
• The budget delivers $1.3 billion in tax relief by eliminating the commercial lease tax and expanding exemptions for hurricane supplies, back-to-school purchases and other items.
• Lawmakers advanced a proposed constitutional amendment to dedicate $750 million annually to an emergency reserve fund, subject to voter approval.
• Proposals for $1,000 property tax rebates and an overall sales tax rate cut were shelved following a feud between Gov. Ron DeSantis and House Speaker Daniel Perez.
• The plan allocates $4 billion for school vouchers, cuts 2,238 vacant state positions and includes targeted raises for public safety and state employees.