Outlook Projection FY 2023-24
Caution on Recurring Spending...
In addition, Florida's
constitution caps the amount
of nonrecurring funds that can
be appropriated for recurring
purposes. Pursuant to article
III, section 19(a)(2) of the
Florida Constitution, “Unless
approved by a three-fifths vote
of the membership of each
house, appropriations made
for recurring purposes from
nonrecurring general revenue
funds for any fiscal year shall
not exceed three percent of
the total general revenue
funds estimated to be
available at the time such
appropriation is made."
General Revenue Fund ($Millions)
Year 1
FY 2023-24
Year 2
FY 2024-25
Year 3
FY 2025-26
Recurring Funds Available
42,567
44,092
44,645
Recurring Revenue Adjustments
(24)
(48)
(72)
Total Adjusted Revenues
42,543
44,044
44,573
Recurring Base Budget
39,022
42,543
43,615
Recurring Drivers
980
1,072
1,116
If Year 1 Recurring Available Balance Spent on
2,540
Additional Recurring Investments
Total Adjusted Expenditures
42,543
43,615
44,731
Ending Balance
0
430
(157)
Totals may not add due to rounding.
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