Florida Economists to Draw Up New Budget Forecast

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News Release: Associated Press
August 7, 2014

TALLAHASSEE, Fla. (AP) -- Florida economists are drawing up new forecasts on how well the state's finances are doing.

State economists meeting Thursday will predict how much money the state is expected to collect in taxes over the next few years.

Gov. Rick Scott and legislative leaders rely on these forecasts to determine whether or not the state has a budget surplus.

Collections over the last few months have been slightly under initial estimates, but there have been no major fluctuations.

Back in March, economists predicted that the state's main budget account would grow by 5.2 percent during the fiscal year that started in July.

The state's largest source of money is the 6-percent sales tax, although other taxes are part of the main budget account.

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