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Florida Lawmakers Reach $4.4 Billion Budget Deal

5/31/2025

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Summary

Story summary

Florida state Sen. Ben Albritton has brokered a pivotal budget agreement with the House, settling a hefty $4.4 billion spending standoff. This landmark deal promises to abolish the business rent tax and secure permanent sales tax exemptions, while also boosting the Budget Stabilization Fund cap to 25% and instituting $750 million in annual payments. A budget conference kicks off Tuesday, marking a significant step forward.

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Story summary

Florida state Sen. Ben Albritton has brokered a pivotal budget agreement with the House, settling a hefty $4.4 billion spending standoff. This landmark deal promises to abolish the business rent tax and secure permanent sales tax exemptions, while also boosting the Budget Stabilization Fund cap to 25% and instituting $750 million in annual payments. A budget conference kicks off Tuesday, marking a significant step forward.