Fla. economy grows, but not enough to avoid budget woes

florida capitol - through grates

Preliminary forecasts show Florida’s economy is growing, but probably not enough to solve the state’s looming budget constraints.

State economists are meeting Monday to draw up forecasts to predict how much the state will collect in taxes.

Gov. Rick Scott will use the forecasts to draw up budget recommendations for 2017.

Preliminary estimates show economists expect the state’s main budget account to grow roughly four percent during the fiscal year that ends next June. And they are predicting growth slightly over 4 percent in the 2017-18 fiscal year.

These estimates are slightly better than ones drawn up earlier this year. Those estimates resulted in a budget outlook that showed the state would only have a surplus of only $7.5 million during the fiscal year that starts in July 2017.

Associated Press


Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Renzo Downey, Roseanne Dunkelberger, A.G. Gancarski, Anne Geggis, Kelly Hayes, Joe Henderson, Ryan Nicol, Jacob Ogles, Scott Powers, Gray Rohrer, Aimee Sachs, Jesse Scheckner, Christine Sexton, Andrew Wilson, Wes Wolfe, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Sign up for Sunburn