WCTV | Tallahassee, Thomasville, Valdosta | News, Weather, Sports

Florida Economists Continue To Predict Growth

By: Associated Press Email
By: Associated Press Email

Associated Press Release

TALLAHASSEE, Fla. (AP) -- Florida economists are projecting that the state's economy should continue to grow steadily over the next three years and bring with it increased tax collections.

Economists meeting Friday concluded that the state's main tax collections would grow by 3.8 percent over the current fiscal year and then another 4.9 percent by the middle of 2015 bringing the total to $27.5 billion.

This means that Gov. Rick Scott and state legislators could have a budget surplus in excess of $1 billion even after paying for enrollment growth for schools and programs such as Medicaid.

Scott has already said he wants to cut taxes and fees in 2014 by $500 million. Leaders in the Republican-controlled Florida Legislature say they support tax cuts, but have not agreed to an exact amount yet.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 234898031