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Revenue stream

Florida 2015-16 general revenue boosted by extra billion in sales tax

in Statewide/Top Headlines by

State economists released a rundown of state revenue streams Monday, including the sources for Florida’s $28.41 billion in general revenue funds. According to the 2016 Florida Tax Handbook, the state sales tax looks to see the biggest gains in the 2015-16 fiscal year. Sales tax makes up 77 percent of the state’s general revenue funds; the expected $21.87 billion haul represents an increase of about $1.07 billion from last year. The corporate income tax was the only other general revenue…

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