The Taxpayer's Pocket Guide to the FY2014-15 State Budget

Florida TaxWatch is pleased to present taxpayers and policy makers with a useful guide to your FY2014-15 State Budget, effective July 1, 2014. The $77 billion budget is the largest in the state’s history. After several very tight budget years, slowly recovering national and state economies have led to stronger growth of state revenues. Even after providing $500 million in tax relief, the Governor and Legislature were able to craft a budget that increased state spending by $2.8 billion (3.75 percent). Diverse areas including education, transportation, water, economic development and cultural affairs all saw significant boosts in funding over the previous year.

More than $22 billion was invested in education (the largest amount in history), and per-student public school spending represents the second highest amount ever appropriated. Legislators were also able to secure funding for many local projects in their districts.

In addition to many facts and figures explaining this year’s budget, past data is also provided for historical context. We hope this new annual budget pocket guide gives you the information you need to better understand where and how your tax dollars are being spent.

 

About the Author

Kurt Wenner, Vice President for Tax Research, is a mainstay on the Tallahassee state budget watchdog scene and is the second-longest serving staff member of Florida TaxWatch (32 years). Kurt has authored all of the major tax publications produced by Florida TaxWatch, including pieces on Florida’s Intangibles Tax, and general sales, property, and business tax issues. 

 Kurt is the author of TaxWatch staples “How Florida Compares,” the annual “Taxpayer Independence Day” report on tax burdens, and the annual “Budget Turkey Watch.”

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