Florida Finances Expected To Remain In Good Shape
Get Breaking News First
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 This material may not be published, broadcast, rewritten, or redistributed.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.)