ST. PETERSBURG (CBSMiami/AP) —The state may have the money needed for the budget, but maybe not enough to do Gov. Rick Scott is promising on the campaign trail.

The annual forecast released late Wednesday shows the state is expected to bring in enough money in 2015 to meet its spending needs for schools and health care. That’s because the state continues to recover from the recession.

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But that forecast shows the state’s budget surplus will only be about $336 million during the fiscal year that starts on July 1.

Scott says if he’s re-elected he wants to increase overall school spending by $700 million. He is also pledging to cut taxes by $1 billion over the next two years and spend more on environmental programs.

(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 This material may not be published, broadcast, rewritten, or redistributed.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.)

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