The 2023 session of the Florida Legislature adjourned sine die on May 5.

Florida lawmakers approved a $117 billion budget that includes $2.7 billion in tax cuts for consumers and businesses, then moved quickly to adjourn their regular session.

The new budget that starts July 1 is $5 billion higher this last year’s, thanks largely to unexpectedly high revenue collections.

The budget adds nearly $2 billion to the state’s reserves, bringing the total to about $10.9 billion, about $4 billion less than Gov. Ron DeSantis requested.