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Fla. Economists to Draw New Budget Forecast

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Updated: 12/14/2012 7:49 am
(TALLAHASSEE, Fla.) Florida economists are drawing up new a forecast for how much money the state is expected to collect in taxes over the next few years.

Gov. Rick Scott will rely on the forecast as he draws up his budget recommendations for next year.

The state's largest source of money is the 6 percent sales tax, although other taxes are part of the main budget account.

Collections so far this year have been slightly over initial estimates.

Back in August, economists predicted that the state's main budget account would grow 4.3 percent in 2012-13 and 5 percent the following fiscal year.

But economists warn that outside factors could harm the state's economy. Those factors include the stalemate in Washington, D.C., over what to do about looming tax hikes and spending cuts.
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