Florida's debt profile and revenue picture are solid heading into 2023
The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.
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The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.
State spending growth topped 18.2% in FY 2022, the highest annual increase in state spending since the National Association of State Budget Officers began recording the data in 1979.
The state sees a fix to budget problems and is betting big on three downstate casinos to pad its coffers.
Most states are still spending federal dollars and boast full rainy-day funds.
Minnesota raised its surplus projections by $6 billion Tuesday and Wisconsin last month added $2.7 billion to its surplus.