Earlier this week, Florida Gov. Ron DeSantis signed the state’s $117.6 billion budget for fiscal year 2026-27 into law, touting it as another example of what he called conservative fiscal management while contrasting Florida’s finances with higher-spending states such as New York.

The spending plan marks the fourth consecutive year Florida has reduced overall state spending while maintaining approximately $18 billion in reserve funds and preserving the state’s coveted AAA credit rating from all three major rating agencies.

DeSantis also used his line-item veto authority to eliminate hundreds of millions of dollars in legislative spending requests before signing the measure.

“The budget that I’ll sign today… will represent the fourth straight year in Florida that we’ve actually reduced our state budget,” DeSantis said during a signing ceremony in Tampa.

The governor argued that Florida’s financial position has strengthened despite rapid population growth, pointing to shrinking government payrolls, declining debt, and growing reserves.

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