State of Florida

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State of Florida

Florida's fiscal year runs July 1 – June 30. This page summarizes the FY 2026-27 enacted budget (HB 5001-E), revenues, reserves, and debt from official state documents, with every figure labeled by basis and every gap disclosed.

The color bar above is a simplified bar in the Florida flag colors — it is not a rendering of the flag, and the hex values are generic web values, not official specifications.

Overview

Florida's fiscal year runs July 1 – June 30. The current fiscal year is FY 2026-27, July 1, 2026 – June 30, 2027, funded by the General Appropriations Act, HB 5001-E (signed June 29, 2026).

$113.8 billionTotal, FY 2026-27 after vetoes (all funds)
$51.8 billionGeneral Revenue after vetoes (46% of the total)
23,462,518Population, Census Vintage 2025 estimate, July 1, 2025 — not a Census count
TallahasseeCapital
27th stateAdmitted to the Union March 3, 1845
67Counties
$14.3 billionTotal reserves, enacted presentation (see the veto caveat in Reserves)
“In God We Trust”State motto

As-passed vs. after vetoes — never mixed. The conference compromise was $114.5 billion; the Governor vetoed $660 million in appropriations, and $91.4 million of general-bill and back-of-bill appropriations were added, for a net $113.9 billion — while the Budget Explorer's post-veto headline is $113.8 billion (General Revenue $51.8 billion). The fund-split table below is the as-passed presentation ($114.461 billion); the $113.8 billion figure is the post-veto headline. Neither is presented as the other.

Sources: Florida Budget Explorer (citing the Legislature's Fiscal Analysis in Brief, August 2026); Florida TaxWatch, FY 2026-27 budget guide; U.S. Census Bureau, QuickFacts: Florida.

Enacted budget by fund source — as passed, HB 5001-E ($ billions)

Fund sourceFY 2026-27, as passed
General Revenue$52.296
State Trust Funds$26.947
Federal funds$35.218
Total, as passed$114.461

The three fund sources sum to $114.461 billion, which rounds to the $114.5 billion conference compromise. After vetoes, the total is $113.8 billion and General Revenue is $51.8 billion. The Governor's proposed budget ($117.4 billion total, $53.2 billion General Revenue) is proposal basis only and is never used as an enacted figure here. Total vetoes including transfers and sweeps (which are not appropriations) were $1.66 billion; appropriation vetoes alone were $660 million.

Sources: Florida Budget Explorer; Florida TaxWatch, FY 2026-27 budget guide.

Revenues by source — General Revenue, forecast (not the appropriation)

Forecast, not enacted revenue: the table below is the Revenue Estimating Conference's January 23, 2026 forecast for FY 2026-27 — the estimate underlying the session — not the appropriation. Enacted General Revenue after vetoes is $51.79 billion and as-passed is $52.296 billion; the forecast net General Revenue is $52,101.0 million. The three figures are different measures and are labeled as such everywhere on this page.

General Revenue source ($ millions)FY 2026-27 forecast
Sales Tax / General Revenue$37,804.4
Beverage Tax & Licenses$207.5
Corporate Income Tax$5,361.5
Documentary Stamp Tax$1,473.5
Tobacco Taxes$95.8
Insurance Premium Tax$2,334.7
Parimutuels Tax$9.3
Intangibles Tax$558.5
Indian Gaming Revenues$1,104.9
Earnings on Investments$1,285.6
Highway Safety Licenses & Fees$438.5
Counties' Medicaid Share$432.1
Severance Tax$6.5
Service Charges$584.4
Corporate Filing Fees$627.9
Article V Fees$76.9
Other Taxes & Fees$60.9
Other Nonoperating Revenue$132.1
Total Revenue$52,595.0
Less refunds−$494.0
Net General Revenue$52,101.0

Sales tax alone is 72.6% of net General Revenue ($37,804.4M ÷ $52,101.0M). Florida levies no personal income tax — prohibited by Article VII, §5 of the Florida Constitution. The state sales tax rate is 6%.

Source: Office of Economic and Demographic Research, Revenue Estimating Conference, January 23, 2026.

Expenditures

Fund split, not agency detail. The enacted presentation below is the fund split from the Budget section (General Revenue $52.296 billion as passed, $51.8 billion after vetoes; State Trust Funds $26.947 billion; Federal $35.218 billion). Agency-level enacted detail was not extracted and is not guessed here.

Total appropriations, as passed$114.461 billion
Total, after vetoes$113.8 billion
General Revenue, as passed$52.296 billion
General Revenue, after vetoes$51.8 billion
Appropriation vetoes$660 million
Total vetoes including transfers and sweeps (not appropriations)$1.66 billion

Sources: Florida Budget Explorer; Florida TaxWatch, FY 2026-27 budget guide.

Fund balance & reserves — enacted presentation

Unobligated General Revenue$8.6 billion
Budget Stabilization Fund$5.7 billion
Total reserves, enacted presentation$14.3 billion
Budget Stabilization Fund transfer in FY 2026-27+$118 million

Veto caveat on the $5.7 billion: a $750 million contingent transfer to the Budget Stabilization Fund — tied to Amendment 1 on the November 2026 ballot, which would raise the fund's cap from 10% to 25% of General Revenue — was vetoed. The $5.7 billion figure appears to include that contingent transfer, so it is not presented here as a clean enacted balance. The $118 million transfer in FY 2026-27 is confirmed in both TaxWatch and the EDR outlook.

Prior-year and pre-enactment context, labeled: the Budget Stabilization Fund stood at $4,440.6 million in FY 2024-25 (EDR outlook history), and the Legislative Budget Commission's pre-enactment outlook put total reserves at about $15 billion (about 29.7% of the General Revenue estimate). Neither is the enacted FY 2026-27 presentation above.

Sources: Florida TaxWatch, FY 2026-27 budget guide; Office of Economic and Demographic Research, Long-Range Financial Outlook.

State debt — Division of Bond Finance data

Stock figures via an official-data fact-check, disclosed as such. The Division of Bond Finance's Debt Affordability Report was located, but its own outstanding-stock table was not extracted; the stock figures below are labeled as via a fact-check of Division of Bond Finance data (October 2026), not as a direct table extract.

Total direct debt, June 2025 (from $21 billion in 2018)$14.6 billion
Total tax-supported debt, June 2025 (from $17.5 billion in 2018)$10 billion
Debt service, FY 2025 (principal $876.1M + interest $499.7M)$1,375.8 million
Debt service, FY 2034 (projected)$724.2 million
Debt service, 10-year total (principal $6,692.2M + interest $3,533.2M)$10,225.4 million
Benchmark rule (F.S. §215.98)Debt service ≤ 6% of revenues available to pay debt service; 7% hard ceiling absent a critical-emergency determination

Florida reports its debt as net tax-supported debt — revenue bonds and certificates of participation — not as general-obligation bonds. The older $16,958.8 million net-tax-supported table found in search results is a 2020-vintage report and is not used.

Sources: Division of Bond Finance, Debt Affordability Report (2024, with 2025 update); Gigafact fact-check of Division of Bond Finance data, October 16, 2026.

What this page deliberately omits

State facts & symbols

CapitalTallahassee
Admitted to the UnionMarch 3, 1845 — 27th state
Counties67
Population estimate, July 1, 2025 (Census Vintage 2025)23,462,518 — an estimate, never a Census count
Percent change, April 1, 2020 base to July 1, 2025+8.9%
FIPS code12
State birdNorthern mockingbird
State flowerOrange blossom
State treeSabal palm (sabal palmetto)
State motto“In God We Trust”
State nicknameSunshine State
Flag colorsRed saltire on white — color names only; no official hex values are claimed on this page
Personal income taxNone — prohibited by Florida Constitution, Article VII, §5
State sales tax rate6%

Sources: U.S. Census Bureau, QuickFacts: Florida; Florida Department of State, state symbols; Florida Constitution, Article VII, §5.

Sources & checks

Source documents

Sum-check log (recomputed at build time)

What this page deliberately omits

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