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General Revenue Estimating Conference

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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Dimmed budget outlook has TaxWatch urging efficiency

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Government spending watchdog Florida TaxWatch says the recommendations from the Florida Government Efficiency Taskforce are even more important in light of reduced revenue estimates over the next few fiscal years. State economists recently predicted Florida will have $31.257 billion in general revenue funds for the 2016-17 budget year, $395 million less than their October estimate. The estimating conference also lowered estimates for budget years running through 2020-21 by an average of $279 million each year. “The General Revenue Estimating Conference…

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