Tallahassee — Gov. Ron DeSantis approved an austere $115 billion spending plan on the last day of the fiscal year Monday, one that is less than the current budget yet still delivers almost $1 billion in tax savings for Florida businesses.

Governor Ron DeSantis has signed the state’s budget with just one day left before the start of the new fiscal year.

One day before the start of the fiscal year, Gov. Ron DeSantis signed a roughly $115 billion budget into law, after vetoing nearly $600 million in spending. The spending plan is about $3 billion less than the current year, and comes after a protracted negotiation between the House and Senate over tax cuts that delayed its approval.