Florida's 2011-12 Budget Outlook Getting Gloomier

By: AP
By: AP


A legislative economist says Florida's budgetary outlook is getting gloomier.

Amy Baker, coordinator of the Legislature's Office of Economic
and Demographic Research, told the Senate Budget Committee on
Monday, December 6 that she expects a previously predicted $2.5 billion budget gap to widen.

That gap is the difference between income and expenses expected
for the 2011-12 budget year that begins July 1.

Baker said the all the numbers haven't been crunched yet but
it's certain revenue will be lower and costs higher than in a prior
forecast by state economists.

That includes up to $400 million more in state Medicaid expenses
and $150 million less in school property tax receipts.

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