Rick Scott Signs State Budget

Gov. Rick Scott signed Florida's $77.1 billion state budget for the 2014-2015 fiscal year into law on Monday.

This year's budget is 3 percent higher than the previous year's budget, making it one of the largest budgets in Florida's history. The new budget is the first in which the Legislature has enjoyed a fiscal surplus andwill coverthe fiscal year from July 1-June 30, 2015.

Among the budget items is an increase in education spending and child welfare services.

Scott vetoed several items in the state's budget, but still didn't ax much -- he cut $66.8 million of the budget with line-item vetoes.

See the full list of vetoed items here.

This is a developing story. Stay tuned for updates.