TALLAHASSEE (CBSMiami/AP) — Progress is good, but sometimes the process needs to be sped up to achieve desired results.
Preliminary forecasts show Florida’s economy is growing, but probably not enough to solve the state’s looming budget constraints.
State economists are meeting Monday to draw up forecasts to predict how much the state will collect in taxes.
Gov. Rick Scott will use the forecasts to draw up budget recommendations for 2017.
Preliminary estimates show economists expect the state’s main budget account to grow roughly four percent during the fiscal year that ends next June.
And they are predicting growth slightly over 4 percent in the 2017-18 fiscal year.
These estimates are slightly better than ones drawn up earlier this year.
Those estimates resulted in a budget outlook that showed the state would only have a surplus of only $7.5 million during the fiscal year that starts in July 2017.
(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 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 This material may not be published, broadcast, rewritten, or redistributed.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.)