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Florida economists project growth in state money

in Statewide by

From the Associated Press:

Preliminary forecasts show that Florida’s economy continues to grow, although not as much as once predicted.

State economists are meeting Monday to draw up new forecasts to predict how much the state will collect in taxes.

The forecasts will be used to draw up a three-year outlook for the state budget.

Preliminary estimates show that economists expect the state’s main budget account to grow nearly four percent during the fiscal year that ends next June.

But they are predicting growth as high as 4.6 percent in the 2017-18 fiscal year.

If the forecasts hold it would give legislators nearly $2 billion extra for 2017-18.

Still, the number of public school students continues to grow and Medicaid expenses could also increase. Those expenses could shrink the size of any surplus.

Before joining Florida Politics, journalist and attorney James Rosica was state government reporter for The Tampa Tribune. He attended journalism school in Washington, D.C., working at dailies and weekly papers in Philadelphia after graduation. Rosica joined the Tallahassee Democrat in 1997, later moving to the courts beat, where he reported on the 2000 presidential recount. In 2005, Rosica left journalism to attend law school in Philadelphia, afterwards working part time for a public-interest law firm. Returning to writing, he covered three legislative sessions in Tallahassee for The Associated Press, before joining the Tribune’s re-opened Tallahassee bureau in 2013. He can be reached at jim@floridapolitics.com.

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