Florida State Capitol Building in Tallahassee. Credit: Felix Mizioznikov/Adobe Stock Florida's General-Revenue Tax Gets a $2.6 Billion Boost
A panel of economists known as the Revenue Estimating Conference meets periodically during the year to update estimates of general revenue, a key source of money for schools, health programs and prisons.
August 18, 2021 at 02:09 PM
5 minute read
State and Local Government
Florida lawmakers will have an additional $2.6 billion to play with in general-revenue taxes, along with nearly $6 billion in unspent federal coronavirus stimulus money, as they begin to piece together an election-year budget.
While acknowledging uncertainty about the effects of the delta variant of the coronavirus on the economy, a state panel on Tuesday boosted estimates of general-revenue tax collections for the current fiscal year and the 2022-2023 fiscal year. The estimates include new sales-tax collections from out-of-state online retailers and money from a gambling deal with the Seminole Tribe, both issues that passed the Legislature this year.
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