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.

Florida Gov. Ron DeSantis has signed a new nearly $115 billion state budget into law. Monday's signing ceremony capped a long and combative legislative season marked by GOP infighting.

"I think it was true prior to me signing this budget, but I think signing the budget underscores the fact that Florida is the best fiscally managed state in these United States," DeSantis said at an event in Wildwood on June 30.