How much does the Florida Department of Environmental Protection plan to spend in its 2025-2029 CIP?

The department plans to spend $2.5 billion on capital projects, a 6% increase from $2.4 billion in its 2024-2028 CIP.

Which category saw the largest spending increase?

Planned spending in the Waste Management category increased by 21%, driven by the ongoing Petroleum Tanks Cleanup, which increased by $200 million from the previous period.

What is the largest single line item in the CIP?

The only notable line item valued over $100 million is the State Park Facility Improvements, costing $250 million.

State of Florida Department of Environmental Protection, Planned Capital Expenditure Increased By 6%

Q: What is the status of the Piney Point closure project?

The Closure of Piney Point under Water Resource Management, costing $85 million, is anticipated to be completed by December 2024.

FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the State of Florida Department of Environmental Protection. Here are our observations.

How Much Does Florida’s DEP Plan to Spend in Its 2025-2029 CIP?

In the CIP covering the 2025-2029 fiscal years, the State of Florida Department of Environmental Protection detailed plans to spend $2.5 billion on capital projects, an increase of 6% from $2.4 billion in its 2024-2028 CIP. The current CIP has 17 line items, compared to 18 line items in the prior CIP. The table below breaks down State of Florida Department of Environmental Protection’s planned capital spending by business area for its last two CIPs.

State of Florida Department of Environmental Protection planned capital spending by business area, 2024-2028 CIP vs. 2025-2029 CIP. *Numbers are Rounded.

Waste Management Spending Increases: Investments in Cleanup and Park Facilities

Planned spending in the Waste Management category increased by 21% with funding for the ongoing Petroleum Tanks Cleanup, which increased by $200 million from the previous period. The State Park Facility Improvements under the Recreation and Parks category also increased by $25 million. On the other hand, the Closure of Piney Point under the Water Resource Management, costing $85 million is anticipated to be completed by December 2024.

Florida DEP Invests $250 Million in State Park Facility Improvements

The State of Florida Department of Environmental Protection has only one notable line item and is valued at over $100 million. The line item is the State Park Facility Improvements, costing $250 million.

How FirmoGraphs Can Help

FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.