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Florida’s budget exceeds $100 billion for the first time

$101.5 Billion budget proposed

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On Tuesday, legislators finalized their changes to the 2021 -2022 fiscal year budget. This keeps lawmakers on track to enhance the bill before the end of the session.

More than $101.5 billion bolstered by billions in federal aid Florida is expected to receive this year because of the COVID-19 pandemic.

Lawmakers set the budget bill on the desk at 12:06 p.m., meaning they could vote on it beginning that time Friday. Friday marks the 60th and final day of the 2021 Legislative Session.

President Joe Biden signed in March. Florida looks like it will receive $10.2 billion from the $1.9 trillion American Rescue Plan. Lawmakers agreed to spend $6.7 billion of that while saving the rest for reserves.

Before considering the federal aid, the Senate’s proposed budget hit $97 billion. Meanwhile, the House outlined a $97 billion budget while the Senate outlined a $95 billion budget.

With a mid-Session revision to the state’s general revenue projections that gave lawmakers $2 billion more to play with for the current and coming fiscal year, Senate President Wilton Simpson said Florida is in a better place than it looked in August. Back then, the state was looking at a $5.4 billion shortfall over the two-year period because of the pandemic.

“I do believe we will continue to see some fluctuation and some uncertainty as to our economy recovers,” he said in a statement.

“With this reality in mind, our budget utilizes available federal funding to makes some significant nonrecurring investments in key infrastructure priorities that will create jobs and further bolster Florida’s recovering economy.”

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Before the budget conference began, chief negotiators Sen. Kelli Stargel and Rep. Jay Trumbull anticipated the final budget would top $100 billion. But the federal aid is a one-time award.

“That’s probably not going to be an expectation for future generations that they’re going to be able to maintain a $100 billion budget,” Stargel said.

2020 budget totaled $93.2 billion before Gov. Ron DeSantis vetoed $1 billion of it to brace for the pandemic.

Governor Ron proposed a $96.6 billion budget before the federal government rolled out the American Rescue Plan this year/.

Among his top priorities was an additional $50 million to continue raising teacher salaries to a base minimum salary of $47,500 annually. Lawmakers wrote that additional allocation into their budget.

Lawmakers also look primed to approve $50 million for the Job Growth Grant Fund to support local infrastructure and job training projects targeted toward economic recovery and development, another of DeSantis’ priorities.

After the federal government finalized its stimulus plan, DeSantis outlined proposals to give teachers and first responders $1,000 bonus checks for their work during the pandemic. Lawmakers agreed to that spending in the final stages of the budget conference.

The budget will put Florida on a path toward full economic recovery, Stargel said in a statement.

“This budget ensures we live within our means and fund the ongoing, key functions of government with recurring state funds,” she said.

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Written by Kelly Smith

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