Florida Finances Expected To Remain In Good Shape

TALLAHASSEE (CBSMiami/AP) —Florida’s economy will likely remain in good shape for the next few years, according to state economists .

State economists on Thursday drew up new forecasts that show that the state’s economy continues to recover after the Great Recession.

Economists estimate the state’s main budget account will grow 3.8 percent during the fiscal year that started in July. Economists are also projecting a 3.9 percent increase in the fiscal year that starts in July 2015.

That’s a slight dip from previous forecasts in March. One main reason is that there has been a drop in corporate income taxes.

But Amy Baker, the head of the state’s Office of Economic and Demographic Research, said it’s because businesses are spending more and does not show any weakness in the economy.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

RELATED CONTENT:

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

Precious Pets
Adopt-A-Family For The Holidays

Listen Live