State Economists Continue to Predict Modest Growth

TALLAHASSEE, Fla. (AP) — State economists are looking at modest growth in tax collections in the coming year.

Preliminary estimates unveiled on Thursday show economists expect state taxes to grow in the next 18 months, but not enough to make a large dent in the state’s nearly $2 billion budget shortfall.

Economists will meet all day to come up with a final figure. State lawmakers use the estimates to draw up a new budget but Senate President Mike Haridopolos has suggested that legislators may want to wait until later in the year before working on the budget. The state’s fiscal year starts on July 1.

The preliminary figures show a range of possible scenarios from the state receiving about $70 million less in taxes over the next 18 months to growing nearly $200 million.

Copyright 2012 The Associated Press.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

Best Barbecue In Tampa BayWhile one may not traditionally associate Florida with Southern barbecue, Tampa Bay has its fair share of great barbecue restaurants.
Report: Black Bears 'Robust and Growing' in FloridaWildlife officials say an analysis confirms Florida's black bear population is "robust and growing."

Listen Live