Florida Posts $21.8 Billion Budget Surplus, a State Record

Florida posted a $21.8 billion surplus in the fiscal year that ended June 30, the highest in state history.

Buoyed by strong tax collections that have far outpaced expectations, the state’s general revenue collections had increased about 24% from the prior year through May, according to Florida’s Office of Economic & Demographic Research. Preliminary estimates for June collections are about $950 million above expectations, Governor Ron DeSantis said in statement Thursday.