State economists shaved nearly $270 million off their estimate of what lawmakers will have to work with in next year’s budget process, even as election-year calls for extra spending continue and as a threat looms of a Zika hit to Florida’s economy.
The state will bring in $131.9 million less than expected in the current budget year, which ends June 30, and $135.1 million less in the next fiscal year, which begins the next day, according to the revised estimates. Under earlier estimates, the $131.9 million was expected to be leftover money that would be carried over from year to year. Its elimination brings the total hit for next year’s budget to $267 million.
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