Florida Budget

By: Associated Press Email
By: Associated Press Email

State economists are saying that Florida's economy will likely improve slowly yet steadily over the next two years.
Economists on Thursday projected that the state's tax collections should grow by 4.3 percent in the coming year - and then grow an additional 5 percent in the year after that.
But economists cautioned that Florida's economy has not returned to normal.
Still the growth could be good news for both Gov. Rick Scott and the Florida Legislature since it would lessen the need for budget cuts in order to balance the state budget.
The slight uptick in state tax collections, however, could aid also Scott in his quest to cut the state's corporate income tax rate. Legislators were reluctant to embrace Scott's tax cut because it would have required spending cuts.


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