Decoding Florida’s Gov Tech Budget Finding Your Next Opportunity!
The Sunshine State
• Florida has a population of 22.61 million residents. • The state unemployment rate is 2.7%, which is below the 3.8% national rate. • The state of Florida employs over 112,000 state government workers and spends more than $3.2 billion annually on technology.
As of April 1, 2023 Department of Labor, State of Florida
Fiscal Overview & Outlook
• Florida recently received a AAA credit rating from Fitch Ratings, beating out California, New York and others for their strong economic footing and outlook. • The State of Florida’s General Revenue Fund collections have continued to exceed expectations, in part because the previously expected recession failed to materialize during the 2022-23 fiscal year. • The state’s gross domestic product (GDP), the value of all the goods and services produced, has increased by 3.5 percent since the fourth quarter of 2022.
Fitch Ratings, State of Florida Long Term Economic Outlook
The 2023-24 Budget
• Governor Ron DeSantis signed the fiscal year 2023-24 budget into law on June 16, 2023. • The budget totals $117 billion – a 6.3% increase over the FY 2022-23 budget ($110 billion). • Florida’s total reserves are $15.3 billion. • Our team of analysts identified $783 million in IT-related opportunities in the current budget.
Florida State Budget
Current IT Landscape
State IT Organization
The Florida Department of Management Services' Division of State Technology (DST) serves as the central IT organization for the State of Florida. Key functions include: • Infrastructure Management: Manages core IT including data centers and networks. • Cybersecurity: Ensures IT assets are secure and compliant. • IT Governance: Aligns tech projects across state agencies with strategic objectives. • Telecommunications: Manages the state's telecommunication services, ensuring connectivity between various government bodies. • Cloud Services: Facilitates the transition to cloud-based solutions for scalability and efficiency.
2023 YTD Opportunity Analysis
The state and its many cities and counties have endless opportunities for your company. Just at the state level: • There are 2,016 unique opportunities across 218 agencies • The state has an average of 24.5 day response window.
Source: Industry Navigator
2023 YTD Opportunity Analysis
More broadly, here is the breakdown of opportunities by jurisdiction type within Florida:
Source: Industry Navigator
Summary of Planned Spending
Below is a summary of planned spending on current projects in various state departments:
• Health & Human Services - $270.7M • Justice & Public Safety - $176.1M • Education - $19.6M • Government Operations - $161M • Transportation & Environment - $127.4M
• Gaming & Lottery - $4.9M • Veterans Affairs - $4.5M
Source: Industry Navigator
Snapshot of Projects
• Health & Human Services • $35 million has been appropriated by the Florida Senate for the modernization of the Florida System and Florida Safe Families Network System. • Justice & Public Safety • $3 million has been allocated to upgrade video surveillance systems. • Education • $4 million has been allocated for a career planning and work-based learning coordination system. • Government Operations • $3.7 million has been allocated by the state to the Department of Revenue for information technology issues.
Source: Industry Navigator
What You Should Do Next
What You Should Do Next
• Align your go-to-market strategy around being a resource for government. • Focus on creating content to empower your buyers. • Share examples of other successful implementations, as well as customer testimonials.
What You Should Do Next
• Work within existing budget priorities and projects. • Come up with ideas on how they can leverage existing grant programs from state or federal programs. • Attend GovTech events to develop relationships with the leaders that oversee these budgets.
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