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Florida faces a growing budget crisis, with a projected $6.6 billion deficit by 2028-29 despite a current $3.8 billion surplus.
Florida’s budget is projected to have a $3.8 billion surplus through 2026-27, but a $6.6 billion deficit looms by 2028-29 due to rising costs in Medicaid, K-12 enrollment, state employee health benefits, and annual disaster response spending of about $783 million.
New legislative leaders emphasize fiscal responsibility, with House Speaker-designate Sam Garrison ruling out Medicaid expansion and Senate President-designate Jim Boyd supporting oversight and efficiency, including potential audits.
Property-tax reforms may be considered for a 2026 ballot measure, while agriculture officials warn of labor shortages and food supply risks.
Analysts say long-term sustainability will require tough decisions despite current financial buffers.
Florida se enfrenta a una creciente crisis presupuestaria, con un déficit proyectado de $6.6 mil millones para 2028-29, a pesar de un superávit actual de $3.8 mil millones.