Florida’s Tax Revenues Higher Than Expected

May 30, 2012

Florida’s general-revenue collections in April topped an earlier projection by $51.4 million, according to a report posted this week by the Legislature’s Office of Economic & Demographic Research.

The April report marked the fourth straight month that collections have exceeded the amounts projected in January by state analysts. In all, the state is $202.4 million above projections for the year.

General revenue is the key source of tax dollars for many state programs and plummeted in recent years with the economic recession and slow recovery. It is made up of a variety of types of taxes, including sales taxes, which exceeded estimates by $34.5 million in April, the report says.


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Written by William Reynolds · Filed Under News