State economist warns that Florida's budget revenue will drop, again
Amy Baker, director of the Legislature’s Office of Economic & Demographic Research, said Wednesday that earlier projections of general-revenue growth this year and during the 2012-13 fiscal year will drop "fairly significantly.’’
That means more difficult budget choices for lawmakers when they start the 2012 legislative session in January --- though Baker said things won’t be as bad as during this spring’s session, when lawmakers faced a $3.6 billion shortfall.
"I believe that you will be looking at another tight session,’’ she said during a presentation to the state’s Low Income Pool Council, a group that works on Medicaid-related funding issues.
Analysts, including Baker and representatives of the governor’s office, House and Senate, are scheduled to meet Oct. 11 to revise general-revenue estimates. Those estimates play a crucial role because lawmakers use them as a basis for knowing how much money will be available to spend. More from Jim Saunders of the News Service of Florida here.