Office of Financial Regulation Highlights 2024-25 Budget Accomplishments

Tallahassee, Fla. - Today, with the signing of the Fiscal Year 2024-25 Focus on Florida’s Future Budget by Governor Ron DeSantis, the Office of Financial Regulation (OFR) highlights the resources that ensure Florida continues to be a leader in financial modernization and an attractive state for the financial services industry to do business.

“Thank you, Governor DeSantis, for your efforts to keep Florida as a top destination for financial services businesses seeking opportunities to develop and expand. The Office of Financial Regulation remains committed to protecting Floridians from financial scams and bad actors, while allowing for growth and innovation in the financial services industry,” said OFR Commissioner Russell C. Weigel, III.

Key highlights from the Focus on Florida’s Future budget include:

• $52.6 million to continue to grow Florida’s financial services industry, provide meaningful regulatory oversight to more than 520,000 entities, and protect Floridians from financial scams and bad actors. 
• $5 million to modernize the OFR’s online regulatory platform to improve the user experience and elevate the intuitiveness of the platform for regulated entities and Floridians.