2005-06 Budget

On the last night of session, the House and Senate passed a $63.1 billion state budget for the 2005-06 fiscal year.  Negotiations this year between both chambers were not as acrimonious as the last several sessions- most likely due to the new leadership and nearly $5 billion more in state revenue.

Due to our efforts, the 2005-06 FY state budget includes $100,000 to fund the Board of Accountancy’s Minority Scholarship Program and $200,000 for the Unlicensed Activity Campaign.  A $3 portion of Florida CPA licenses are earmarked for Minority Scholarships.  In addition, $5 from each license is earmarked to combat unlicensed activity.  Since the passage of legislation supported by the FICPA 1998 that created the program the BOA has provided $408,000 to 79 students seeking an accounting degree.

Look to the left for more information on the Florida budget for FY 2005-06.