Forecast: Florida lawmakers have $400M less to spend this year
From the Associated Press:
Florida legislators are going to have less money to spend in the coming year than they were planning on.
State economists met Tuesday to draw up new forecasts to predict how much the state will collect in taxes. The forecasts will be used by state legislators to draw up this year's budget.
Economists predict the state's main budget account will only grow 2.1 percent during the fiscal year that ends in June. Those forecasts estimate growth of 4.4 percent in the 2016-17 fiscal year.
These forecasts mean the state has about $400 million less to spend.