TALLAHASSEE, Fla. — Governor Ron DeSantis signed Florida’s $117.6 billion Fiscal Year 2026–2027 budget on Monday, marking the fourth consecutive year of declining state spending while sustaining record investments in education, public safety, environmental conservation, and infrastructure.
Nocatee, a master-planned community in St. Johns County about 20 miles southeast of Jacksonville, has approximately 25,000 residents and is located near the PGA TOUR headquarters.
The spending plan, which includes nearly $810 million in line-item vetoes, caps eight years of what the governor described as conservative governance. Florida’s Rainy Day Fund now sits at the constitutional maximum of $5 billion, with total state reserves of approximately $18 billion.
“Over the last seven and a half years, Florida has set the national standard for conservative governance, while breaking record after record in economic strength, education, and environmental stewardship,” Governor DeSantis said. “This budget protects taxpayers’ interests, cuts spending for the fourth year in a row, and makes meaningful investments to build on Florida’s successes.”
The budget delivers nearly $9.7 billion in cumulative tax relief, including a permanent Back-to-School tax holiday and a permanent disaster preparedness tax holiday. A Second Amendment Sales Tax Holiday running from September through December is projected to save Floridians $40 million.
