A familiar pattern, with the stakes rising each year
If the 7.4% figure – or a version modified by regulators – is approved, it would extend a run of rate reductions stretching back nearly a decade in the Sunshine State. Florida’s most recent cut, a 6.9% reduction that Commissioner Yaworsky signed off on for policies starting January 1, 2026, marked the ninth consecutive year of decreases. At the time, Yaworsky said the cut would “directly translate to reduced operating costs for businesses, encouraging investment and growth throughout Florida’s economy” – a rationale regulators are likely to lean on again if this latest filing clears review.