TALLAHASSEE, Fla. — Florida’s finances remain strong in the short term, but new state projections warn that structural pressures could push the budget deep into the red before the decade’s end. That’s something lawmakers in Tallahassee considered this week as new leadership was designated to take over the gavels in the 2027-28 legislative sessions.
According to the Legislature’s 2025 Long-Range Financial Outlook, strategic moves during this year’s session helped flip next year’s balance from deficit to surplus — projecting a $3.8 billion cushion in FY 2026-27. But by FY 2028-29, the report forecasts a $6.6 billion deficit unless lawmakers adjust spending or revenues.
Watch full report from Forrest Saunders…