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Investor Presentaiton

Critical Needs Drivers... FY 2024-25 FY 2025-26 FY 2026-27 Total Critical Needs 1,455.8 1,807.3 2,123.3 500.0 1,000.0 1,500.0 2,000.0 2,500.0 Critical Needs can generally be thought of as the absolute minimum the state must do absent significant law or structural changes. In this Outlook, there are a total of 14 Critical Needs drivers, including some that grow significantly between the first and second years. A funding strategy was deployed that reduced the need for General Revenue in the early years of the Outlook. For the programs in the education and environmental policy areas, the Outlook maximizes the use of all available state trust funds prior to using General Revenue. To accomplish this, adjustments are made to the General Revenue Fund, the Educational Enhancement Trust Fund, the State School Trust Fund, and the Land Acquisition Trust Fund based on projected balances forward and revenue changes in the trust funds over the three-year forecast period. This shifting of funds alters the need for General Revenue from year to year, but does not affect the overall level of dollars estimated to be required for core education and environmental programs. Overall, this strategy has its most visible effect on Critical Needs driver #1- $269.9 million for maintaining the current year Florida Education Finance Program budget in Fiscal Year 2024-25. 13
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