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Florida economists project growth in state money

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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…

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State economists start refining revenue estimate for 2017-18 budget

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State economists began crunching the numbers Monday morning as they work up how much money the state will have to craft the next yearly budget. The Revenue Estimating Conference, made up of Governor’s Office and legislative forecasters, met to suss out income for the General Revenue Fund. Their prognosis is only 0.2 percent off the previous estimate, the closest in five years, buoyed largely by overage in certain collections, like corporate taxes. As reported last week, so far there is…

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