With tax receipts rising, Florida’s treasury a little fatter for election yearby John Kennedy | December 6th, 2013
Tax collections are flowing into the state treasury at a faster clip than expected, giving Florida lawmakers an extra $321.4 million to spend next year, economists said Friday.
After six years of budget-cutting, this year’s $74.1 billion blueprint was the first where Gov. Rick Scott and the Legislature didn’t face a shortfall.
But sales tax receipts have spiked over the past few months, powering the extra cash heading into a 2014 election year where the state of Florida’s economy looms as a central campaign theme.
Still, economists were cautious with their praise.
“It’s very modest, but it’s definitely positive,” said Amy Baker, coordinator for the Legislature’s Office of Economic and Demographic Research and part of the panel that made Fridays’ forecast.
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