Gov. DeSantis unveils budget, includes property insurance relief
NBC - 8 WFLA (Tampa, FL)
TAMPA (WFLA) - Gov. Ron DeSantis revealed his budget proposal for 2024 on Tuesday, which includes over $400 million in temporary tax relief for property insurance.
The proposal suggests a one-year exemption on taxes, fees and assessments on property insurance for Homeowners Insurance Policies, which the Governor says will save taxpayers $409 million and decrease the average insurance premium by up to 5 percent.
Floridians have seen a huge increase in insurance premiums leading to a number of special sessions and state programs aimed at providing relief. Even still, 8 On Your Side has found some reports of savings may not be telling the whole story.
The proposed budget, coming in at $114.4 billion, also includes $1 million for the state Board of Governors or Florida State University to use to sue the College Football Playoff Committee after the Seminoles were snubbed from the College Football Playoffs.
Florida democrats have criticized the proposal, noting it would cut 1,000 state jobs.
Patent Issued for Systems and methods for assessing property development condition (USPTO 11816885): United Services Automobile Association
Curacao and St Maarten Insurance Industry Governance, Risk and Compliance Report 2023
Advisor News
- Iowa House backs temporary tax hike to fill Medicaid gap
- Advisors in Texas and California banned for fraud scams
- House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
- Iowa House backs temporary tax hike to fill Medicaid gap
- Charitable giving planning can strengthen advisor/client relationships
More Advisor NewsAnnuity News
- LIMRA: Final retail annuity sales total $464.1 billion in 2025
- How annuities can enhance retirement income for post-pension clients
- We can help find a loved one’s life insurance policy
- 2025: A record-breaking year for annuity sales via banks and BDs
- Lincoln Financial launches two new FIAs
More Annuity NewsHealth/Employee Benefits News
- American healthcare: High $26,000 premiums and diminishing returns
- Marion County Democrats turn out for 'Pancakes and Politics'
- Commentary: Health care is the way for Democrats to win
- Lincoln Financial Recognized for Leadership in the Advancement of Long-Term Care Planning
- Changes to New York's Essential Plan receive final approval
More Health/Employee Benefits NewsLife Insurance News
- Retirement Tax Worries on the Rise Among Americans, Allianz Life Study Finds
- Lincoln Financial Recognized for Leadership in the Advancement of Long-Term Care Planning
- Best’s Market Segment Report: AM Best Maintains Stable Outlook on UK Non-Life Insurance Segment Despite Elevated Geopolitical Risks
- Murray Giles Hulse
- New individual life premium hits record-setting $17.5B in 2025
More Life Insurance News