State Panel of Economists Adds $462M to Florida's Bottom Line
State economists gave Gov. Rick Scott a little more money to work with when he crafts a proposed budget for next year, as Florida continues to recover from the devastating recession that started in 2007.
August 17, 2015 at 11:45 AM
3 minute read
State economists gave Gov. Rick Scott a little more money to work with when he crafts a proposed budget for next year, as Florida continues to recover from the devastating recession that started in 2007.
A state panel that forecasts how much tax revenue the state will take in from its major income sources tacked on a relatively modest $462.3 million between now and June 30, 2017. The new numbers mean that, overall, lawmakers and Scott will be able to divvy up about $2.2 billion more in the 2016-17 budget year that starts July 1 than they did in the current year.
But at least some of the extra money is likely to be eaten up by increasing enrollment in the state's public schools, changes to health care spending and the like. Amy Baker, the Legislature's chief economist, said there will be some money for lawmakers to use after taking care of those needs.
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