Tampa's Moffitt Cancer Center expected to receive millions in additional funding

The bill (HB 7061), includes changing a formula for distributing cigarette tax revenues.

New inpatient surgical hospital on the 21-acre McKinley campus. - PHOTO VIA MOFFITT
PHOTO VIA MOFFITT
New inpatient surgical hospital on the 21-acre McKinley campus.

A tax package approved Friday by Florida lawmakers is expected to lead to the H. Lee Moffitt Cancer Center receiving millions of additional dollars each year.

The bill (HB 7061), includes changing a formula for distributing cigarette tax revenues. The Senate in March approved a stand-alone bill (SB 866) on the issue, with the change then included in a broad tax package negotiated by House and Senate leaders.

The Tampa cancer center has received about $15.5 million a year through the current formula, but the proposed changes would lead to it receiving $26.9 million starting next fiscal year and $38.4 million starting in the 2024-2025 fiscal year, according to a Senate staff analysis in March.

The proposal would reduce the amount of cigarette tax dollars going into the state’s general revenue.

Senate sponsor Ed Hooper, R-Clearwater, said in March that the additional money would help Moffitt build a new campus.

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