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Florida state budget (2010-2011)

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Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

The Florida State Legislature passed the $70.4 billion FY2011 Florida state budget on April 30, 2010.[1][2] State analysts estimated that the state faced a budget deficit for 2011-12 of approximately $2.5 billion.[3][4]

2011 State spending & deficit in billions[5]
Total spending Pension Healthcare Education Welfare Protection Transport Debt Budget gap
$59.1 $6.7 $21.7 $9.4 $7.7 $4.9 $5.9 $39.4 $3.5
2011 Local spending & deficit in billions[5]
Total spending Pension Healthcare Education Welfare Protection Transport Debt
$95 $1.2 $9.7 $34.9 $3.6 $12.7 $7.9 $95

FY2011 State Budget

Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government here.

The Legislature's Office of Economic and Demographic Research predicted that Florida would face a budget deficit for 2011-12 of approximately $2.5 billion.[3] State economists increased the forecast for general revenue, which came mostly from sales tax collections, by $260 million, or 1.1%, for the FY2011 in August 2010.[3]

The Florida State Legislature passed the $70.4 billion FY2011 Florida state budget on April 30, 2010.[1][2] The FY2011 budget was $4 billion larger than the prior year's state budget.[6]The House approved the measure by a vote of 77-43, and Senate approved the budget by a vote of 33-4.[7]

FY2009-10

Florida had a $66.5 billion state budget for FY 2009-2010, passed by the Florida State Legislature on May 8, 2009 and signed by Gov. Charlie Crist on May 27, 2009.[8][9] Gov. Crist line-item vetoed two provisions, a 2% pay cut on state workers and a transfer of $6 million from the concealed weapons trust fund.[10]

Budget Figures

Fiscal 2010 Tax Collections Compared With Projections Used in Adopting Fiscal 2010 Budgets (Millions)

Category Amount
Sales Tax Original Estimate 15,902
Sales Tax Current Estimate 15,967
Personal Income Tax Original Estimate NA
Personal Income Tax Current Estimate NA
Corporate Income Tax Estimate 1,508
Corporate Income Tax Estimate 1,730

Accounting principles

The Auditor General is a constitutional officer appointed by the Joint Legislative Auditing Committee. The appointment must be confirmed by both houses of the Legislature. The department's audit reports were available online.[11][12]

Florida combined the offices of the State Treasurer and State Comptroller into the position of Chief Financial Officer after voters passed a constitutional amendment in November of 1998. The Chief Financial Officer oversees the Department of Financial Services. The Florida Legislature in 2002 merged the state Department of Insurance, Treasury and State Fire Marshall, and the Department of Banking and Finance into the Department of Financial Services.[13]

Credit Rating Fitch Moody's S&P
Florida[14] AA+ Aa1 AAA

Budget Status, 2008-2009

As early as November of 2006, Florida had the second most foreclosures in the country with 95,862 homes foreclosed upon in just the third quarter of that year.[15] In December of 2008, Florida was second to Arizona in the number of foreclosures, and it implemented a voluntary 45-day moratorium on home foreclosures.[16]


Fiscal Year General Funds Expenditures Gross Domestic Product (Millions)
2001 $91,800[17] $497,423[18]
2002 $99,300[17] $522,719[18]
2003 $107,400[17] $559,021[18]
2004 $115,500[17] $607,284[18]
2005 $130,900[17] $670,237[18]
2006 $140,500[17] $716,505[18]
2007 $150,900[17] $734,519[18]
2008 $162,200[17] $753,000[17]

Legislation

Florida Senate Bill 1796 "Directs the Legislative Auditing Committee to provide oversight and management of a state website providing information on governmental appropriations and expenditures" and "Requires the Executive Office of the Governor to establish a website providing information relating to each appropriation in the General Appropriations."[19] SB 1796 was signed by Governor Crist on May 27, 2009.[20]

See also

Footnotes

  1. ↑ 1.0 1.1 The St. Augustine Record "Florida's 2010 budget by the numbers" May 2, 2010
  2. ↑ 2.0 2.1 Tampabay.com "Florida House approves budget plan on party-line vote" April 1, 2010
  3. ↑ 3.0 3.1 3.2 The St. Petersburg Times "Florida's state budget shortfall shrinks in new forecast" September 8, 2010
  4. ↑ West Orlando News "Florida Budget Deficit Close to $6B" Aug. 6, 2010
  5. ↑ 5.0 5.1 USA Spending, State Guesstimated* Government Spending
  6. ↑ SunSentinel.com "Florida budget details" April 30, 2010
  7. ↑ Northescambria.com "Florida Approves Final Budget" May 2, 2010
  8. ↑ The Miami Herald, "House passes budget 75-43, sine die to come," May 8, 2009
  9. ↑ Gov. Crist Press Release, "Governor Crist Signs 2009-2010 Budget to Maintain Investments in Florida's Future," May 27, 2009
  10. ↑ Gov. Crist, "Veto Message," May 27, 2009
  11. ↑ Florida Auditor General Web site, accessed October 14, 2009
  12. ↑ audit reports
  13. ↑ Florida Department of Financial Services Web site (dead link)
  14. ↑ California State Treasurer, “Comparison of Other States’ General Obligation Bond Ratings”
  15. ↑ Foreclosurelistings.com, Florida Ranks Second Among States with Most Foreclosures, November 13, 2006
  16. ↑ Tampa Bay's 10 Connects.com, 1 in 214 Florida Homes in Foreclosure, February 12, 2009
  17. ↑ 17.0 17.1 17.2 17.3 17.4 17.5 17.6 17.7 17.8 US Government Spending, Florida State and Local Spending, 1992-2010
  18. ↑ 18.0 18.1 18.2 18.3 18.4 18.5 18.6 Iowa Workforce, Florida
  19. ↑ Florida Senate, "Senate 1796: Relating to Governmental Financial Information," accessed June 16, 2009
  20. ↑ Office of the Governor, "Governor Crist's Bill Actions Today," May 27, 2009
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