Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (2024)

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (1)

A $116.5 billion budget signed by Gov. Ron DeSantis for 2024-2025 includes seven-figure portions for Florida State University, and Tallahassee Community College.

The state budget was signed June 12 after the Florida Legislature approved it in March at the end of the 2024 Legislative Session, and among the allocations for the schools are new funds for capital projects during the next fiscal year beginning July 1.

While FSU received nearly $83 million in new funds, FAMU boasts securing more than $50 million in legislative allocations as a whole — an amount that includes $15 million in recurring performance-based funding.

In TCC’s allocations from the annual budget, about $41 million will go toward program funds.

Related news:Budget boosters: Here's what Tallahassee and the Big Bend got and what got vetoed

One of the projects that hit the jackpot in this year’s budget was FSU’s Dittmer Chemistry Lab Building, which received $55.4 million for the university to renovate and redesign its research space.

The chemistry lab building was built in 1967, and the legislative appropriation it received will fully fund the project, according to the university.

When taking a look at the state’s universities as a whole, DeSantis has committed $4.1 billion in state operating funding to the State University System (SUS) through this year’s budget.

In addition, the state appropriated $100 million in recurring preeminence funding and another $100 million for SUS recruitment and retention, which will be distributed among the institutions by the Board of Governors.

Despite the multiple big bucks that make up this fiscal year’s state budget, the $116.5 million amount is less than the previous fiscal year — reflecting a reduction in overall state spending.

Florida State University

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (2)

FSU will receive $20 million in recurring operational enhancement funds, which will be invested in hiring research faculty and student success efforts.

The university will also get $55 million in non-recurring operational enhancement funds for capital renewal, investments in information technology infrastructure and start-up costs for FSU Health — an initiative that aims to build a health care ecosystem in North Florida.

“This funding is vital as we grow our research enterprise, retain and recruit outstanding faculty, students and staff, and invest in key initiatives that will benefit our students, our state and our nation,” FSU President Richard McCullough said in a prepared statement.

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (3)

Besides allocations for the Dittmer Chemistry Lab building, the other projects that will receive new funds from the state budget are:

  • FSU’s maintenance complex (relocation): $10 million
  • Veterans Legacy Complex (construction): $7.5 million
  • FAMU-FSU College of Engineering Building C (planning and construction): $5 million
  • Center for Energy Independence: $3 million
  • New College of Nursing facility (design and planning): $2 million

Here are other allocations that will go toward FSU from the budget:

  • Grants and aids: $622,764,018
  • National High Magnetic Field Laboratory: $25 million
  • Kellogg Research Building Remodeling: $19.2 million
  • Florida Institute for Child Welfare: $10 million
  • Institute for Governance and Civics: $8 million
  • Veterans Legacy Complex: $7.5 million
  • Institute for Pediatric Rare Diseases: $5 million
  • Nursing Education Programs: $2.6 million
  • College of Medicine’s Autism Institute: $1.48 million
  • Multidisciplinary Educational Services Centers: $1.45 million
  • Wakulla Springs Research: $750,000
  • FSU Behavioral Health: $525,000
  • Student Veteran Center: $500,000
  • Florida Center for Reading Research: $250,000
  • Boys and Girls State Housing: $200,000

Florida A&M University

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (4)

With the FAMU-FSU College of Engineering being a joint college between the two universities, a $5 million fund will go toward the planning and construction of its Building C.

The engineering school will also receive general revenue funding of $21.2 million.

“We thank the governor, legislature, Board of Governors, FAMU Board of Trustees and all our stakeholders for ensuring that FAMU gets the funding we need to enhance our student success initiatives,” FAMU President Larry Robinson said.

“FAMU and the rest of the State University System are on an upward trajectory, but our work is far from complete. However, this funding will make a significant difference to our efforts.”

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (5)

FAMU’s legislative allocations from this year’s budget include:

  • Grants and aids: $121,975,003
  • Boldly Striking for Academic Excellence Operational Enhancement: $11 million
  • Campus Security (PECO funding): $5 million
  • Chemical & Biological Research Center (PECO funding): $5 million
  • School of Business and Industry South: $1.8 million
  • FAMU Developmental Research School (DRS) Live Healthy Initiative: $500,000
  • Division of Research: $9.3 million
  • Crestview Education Center (recurring): $1.5 million
  • Nursing Education Programs: $1.1 million

Following this year’s legislative session, FAMU’s Board of Trustees are looking ahead after recently approving a legislative budget request of $55.5 million for the 2025-2026 fiscal year.

Tallahassee Community College

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (6)

Although TCC received funding from the state budget, its top two legislative priorities this year were not funding-related.

TCC's name change to Tallahassee State College was one of those priorities.

The college's rebranding efforts were announced last August, and in March, Gov. Ron DeSantis signed the legislation to make the name change from TCC to TSC official in state law.

TCC’s other top legislative priority was being added to the Florida Education Finance Program as a special district in order to provide funding for its relatively new sponsored charter school, Tallahassee Collegiate Academy.

The STEM (science, technology, engineering, mathematics) charter school opened its doors in August of last year with students in grades 9-11 from Leon, Gadsden and Wakulla counties. TCA students have the opportunity to earn both a high school diploma and an associate in science degree by the time they graduate.

“We are grateful for all the support we received to get both of those items,” TCC’s Vice President for Communications and Chief of Staff Candice Grause told the Tallahassee Democrat in an email.

Here are the items included in the 2024-2025 state budget for TCC:

  • Florida College System Program Fund: $41.3 million
  • 2+2 Student Success Incentive Fund: $834,876
  • Nursing Education Programs: $678,930
  • Work Florida Student Success Incentive Fund: $176,526
  • TCC Adults with Disabilities Program: $25,000

Contact Tarah Jean attjean@tallahassee.comor follow her on X:@tarahjean_.

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got (2024)

FAQs

Florida’s $116.5 billion budget includes millions for FAMU, FSU, TCC. Here’s what they got? ›

While FSU received nearly $83 million in new funds, FAMU boasts securing more than $50 million in legislative allocations as a whole — an amount that includes $15 million in recurring performance-based funding. In TCC's allocations from the annual budget, about $41 million will go toward program funds.

What is the budget of the state university system of Florida? ›

The Florida State University Board of Trustees approved a $3 billion operating budget for the 2024-2025 fiscal year, a 14.3% increase from last year and the largest budget in the institution's history.

What is the budget for the state of Florida in 2024-2025? ›

The FY 2024-25 budget, after vetoes, amounts to $116.5 billion and represents a less than 0.001 percent decrease over the previous year's budget. Concerning funding sources, the budget incorporates $48.6 billion in General Revenue Fund dollars, $30 billion in state trust funds, and $37.9 billion in federal funds.

How does Florida fund its budget? ›

The state relies heavily on its general sales tax to balance its budget. Moreover, the governor expects the state's general sales tax to raise $1,569 per capita in FY 2024-2025. This surpasses the U.S. average and the average among Southern states.

What is the total budget of Florida? ›

On June 12, Florida Governor Ron DeSantis signed the fiscal 2025 budget after vetoing $949.6 million in spending. The budget totals $116.5 billion, a decrease of $2.6 billion, or 2.2 percent, compared to the fiscal 2024 budget.

Is University of Florida worth the money? ›

The University of Florida is one of the best bargains in higher education — and that's why it lands in the top 10 most affordable schools on this year's Money list.

How much does it cost to go to Florida State University for 1 years? ›

Florida State University's tuition is $6,517 for in-state and $21,683 for out-of-state students.

What is Florida's main source of income? ›

The majority of Florida's revenue — about 80 percent — is generated by the sales tax.

How does Florida make money with no state income tax? ›

Florida primarily makes up for its lack of an income tax with its sales tax, which generates around 80% of the state's revenue. Florida's sales tax is imposed on services and goods, and both the state and county levy a certain percentage.

What generates the most money in Florida? ›

Of exports, meat is Florida's biggest earner. Florida produces the majority of citrus fruit grown in the United States.

Which state has highest budget? ›

Budget 2023-24 Estimates

Uttar Pradesh was the state to which the Centre was most generous. The state, governed by BJP Chief Minister Yogi Adityanath, was allocated Rs 1,83,237 crore for the last fiscal year, 2023-24.

How much is Florida in debt? ›

As of June 30, 2023, the total outstanding direct debt of Florida was $16.3 billion, an $800 million decrease from the prior fiscal year. This continues a downward trend that began in FY 2011, totaling an $11.9 billion reduction, or 42 percent of the total outstanding debt.

What does Florida spend the most money on? ›

Florida's largest spending areas per capita were public welfare ($1,524) and elementary and secondary education ($1,503).

What is the state of Florida school budget? ›

‍The state budget for fiscal year (FY) 2024-25 totals $116.5 billion after accounting for $949.6 million in vetoes, a decrease of over $2 million compared to prior-year funding.

How much does the state of Florida spend per student? ›

Public Education Spending by State
StateK-12 Spending
State FloridaK-12 Spending $12,420
State MississippiK-12 Spending $12,390
State North CarolinaK-12 Spending $12,350
State NevadaK-12 Spending $12,230
47 more rows
Jul 14, 2024

How is the Florida college system funded? ›

Florida colleges receive funding from state appropriations, student tuition and fees, and federal funds.

How much money does Florida State University have? ›

Operating budget of $3 billion for 2024-2025 FY. FSU's research expenditures totaled more than $414 million for FY 2023.

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