Bloomberg Law
Feb. 2, 2023, 1:59 PM

DeSantis Seeks Tax Cuts, Pay Hikes in $115 Billion Budget (1)

Danielle Moran
Danielle Moran
Bloomberg News
Nic Querolo
Nic Querolo
Bloomberg News

Florida Governor Ron DeSantis is pushing for tax cuts and pay increases for state employees in the coming year’s budget as revenue surpasses forecasts.

DeSantis, a Republican who’s widely considered a potential contender for the 2024 presidential nomination, unveiled his $114.8 billion spending proposal dubbed “Framework for Freedom” for the fiscal year that starts July 1.

“Florida is stronger than ever,” he said, pointing to the state’s 2.5% unemployment rate, high levels of in-migration, low taxes and rapid clip of new business creation. The governor proposed $15.7 billion of total reserves. “That shows you that the state is going ...