With a boost from corporate income taxes and county Medicaid payments, Florida’s general-revenue collections in February were $56.4 million higher than expected, according to a new report by the Legislature’s Office of Economic & Demographic Research via The News Service of Florida.
For the fiscal year, general-revenue collections are $74.6 million above earlier estimates. The report, released Tuesday, says corporate-income tax collections were $18.9 million higher than expected in February. Also, fees that counties pay for Medicaid services were $17.2 million above estimate. The report says more counties than usual made payments, which “likely represents a catch-up from previous months.” Legislative leaders and counties have recently battled about whether counties have fully made Medicaid payments to the state.