What is the General Revenue Fund?

The General Revenue Fund is primarily defined as an account maintained by the State of Florida that receives funds from various sources, excluding specific types of accounts such as trust accounts or dedicated funds. This fund serves as a central repository for tax revenues like sales tax, corporate income tax, and other general tax collections, which are then allocated to various state programs and services, including education, healthcare, and public safety.

This structure allows the state to manage its budget effectively, ensuring that the funds collected can be used flexibly to address a wide range of needs, while other types of accounts might be earmarked for specific purposes or projects. Hence, understanding the General Revenue Fund is crucial for comprehending the overall financial framework within which state budgets are formulated and executed.