Latest Headlines
- Cantonment Man Sentenced To Prison For Drug Possession, Evidence Tampering, Fleeing
- A Warming Trend To Begin Thanksgiving Week
- Central High Cheerleaders Perform At Halftime Of Alabama Game
- ECSO: Truck Stolen In Bratt, Note Left Behind Claims Woman Was Attacked, Kidnapped
- Hundreds Of Families Receive Thanksgiving Meal During Food Distribution
- Two Northview High Career Academies Create Food Cart
- Escambia County Corrections Welcomes 12 New Officer Trainees
- Special Election To Replace Matt Gaetz In Congress Set For April Fools’ Day
- Food Distribution Held Friday In Walnut Hill, Saturday In Cantonment
- Escambia Schools Announce Top 10 Teachers Of The Year
Report Projects $336 Million Florida Budget Surplus Next Year
September 8, 2014
State lawmakers will have about $336 million extra in the budget year that begins next July, according to a draft state report issued recently
The Long-Range Financial Outlook, an annual report, says that surplus takes into account the likelihood that the Legislature will continue to set aside $1 billion in reserves and spend money on other high-priority areas.
The report says lawmakers could use the surplus on programs or tax cuts that continue from one year to the next, but that doing so would have “a compounding effect over time” and leave less money for the Legislature to use in future years — though the state would never go into the red as long as it keeps the reserves steady.
The report also says that Florida’s economy will likely continue to grow for the time being but is still trying to fully regain its footing.
“In the forecast, months of modest growth are expected before normalcy is largely achieved by Fiscal Year 2016-17 with construction and real estate still presenting notable exceptions,” it says. The draft report is scheduled to be presented Wednesday to the Joint Legislative Budget Commission, a panel made up of House and Senate members.
Comments
One Response to “Report Projects $336 Million Florida Budget Surplus Next Year”
Considering how many other states are in the red I think Gov. Scott has done what he said he would. He has cut costs and gotten the budget into better shape. He is creating jobs which means more taxpayers and less drain on the budget. The legislature seems to be working with him, which is more than I can say for Washington.