Florida tax projections get $2.77 billion bump, forecasters say
Economists on Friday added $2.77 billion to the state’s general-revenue tax projections for the current fiscal year and next fiscal year, giving lawmakers more money to play with when they start drawing up a budget.
The economists, who serve as the state Revenue Estimating Conference, had included the prospect of a “mild” recession in a forecast earlier this year. But the panel now expects more stability in most economic areas as Florida moves beyond the COVID-19 pandemic.
“Explained in part by the recession’s failure to materialize, revenue collections have exceeded expectations since the last conference (meeting),” said Amy Baker, coordinator of the Legislature’s Office of Economic & Demog...
