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Office of Economic & Demographic Research
The Florida Legislature

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Long-Range Financial Outlook (Three-Year Plan)

In 2006, Florida voters adopted a constitutional amendment that requires the development of a Long-Range Financial Outlook, setting out recommended fiscal strategies for the state and its departments in order to assist the legislature in making budget decisions. The Legislative Budget Commission is required to issue the Outlook by September 15th of each year. The Fall 2016 Outlook is the tenth document developed in accordance with the provisions of Article III, Section 19(c)(1) of the Florida Constitution. This year, the Legislative Budget Commission adopted this Outlook on September 12, 2016.

Ultimately, the Outlook is a tool that provides an opportunity to both avoid future budget problems and maintain more financial stability between state fiscal years. The Outlook accomplishes this by providing a longer-range picture of the state's fiscal position that integrates projections of the major programs driving Florida's annual budget requirements with the revenue estimates. In this regard, the projections primarily reflect current-law spending requirements and tax provisions. It also includes budgetary, economic, demographic, and debt analyses to provide a framework for the financial projections and covers the upcoming three fiscal years: 2017-18, 2018-19, and 2019-20.

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Last Revised: September 13, 2016