Gov. DeSantis proposes $116B budget, wants focus on ‘fiscal responsibility’

Gov. Ron DeSantis speaks during the Republican National Convention in Milwaukee, Wis., Tuesday, July 17, 2024. (Ashleigh Lucas/Fresh Take Florida)

Gov. Ron DeSantis late Sunday quietly posted budget recommendations for the 2025-’26 fiscal year, a contrast to the usual pomp for which budget proposals are announced.

The budget proposes several tax decreases, including a new tax holiday for guns and ammo during the Summer months, called “Second Amendment Summer.”

The Republican apparently has an eye on austerity, naming his proposal “Focus on Fiscal Responsibility” and calling for the Legislature to pass a $115.6 billion budget, one $3 billion lower than the current budget year. With the proposal, DeSantis calls for eliminating a net 741 government positions in order to “operate a lean and streamlined government.”

Some state agencies would be hit harder under the proposal, while others would see a boost in staffing.

While the budget eyes cuts, the General Revenue portion of the budget is $50.2 billion, about a $383.4-million increase over the 2024-’25 budget. The state’s reserves are now at $14.6 billion, or 12.5% of the total budget.

“Florida’s continued prioritization in maintaining reserves, and prudent fiscal management, is demonstrated by the state’s continued AAA credit rating from all major credit rating agencies, which now exceeds the U.S. Government’s credit rating,” a budget memo reads.

The drop in positions under the budget would be in the Department of Health, where DeSantis proposed nixing a net 484 positions as he slashes the total budget by more than 10.7%. He also wants 325 fewer positions in the Department of Children and Families, though he wants to increase its budget in dollars by almost 1.5%. But he wants to increase the budget for the State Court System by about 4.6%, while increasing staffing by a net 112 positions.

Of note, the Governor’s proposed budget is still higher than the $114.4-billion budget DeSantis proposed in December 2023, but less than the $116.5 billion he signed off on in June for the current year.

Some notable proposals, DeSantis wants to phase out rent taxes, by dropping them to 1% in 2026 and then eliminating the tax altogether at the start of 2027. He wants an investment tax credit program for early stage and cutting edge research, innovation, science and engineering, and lays out plans for a program. In addition to the new tax holiday for guns, which would from Memorial Day through Fourth of July, he calls for a tax holiday for return-to-school, two tax holidays for disaster preparedness and for a continuation of a Freedom Month with tax breaks on live events, movies and museums, along with other summer outdoor activities.