Florida TaxWatch Releases Review of Long-Range Financial Outlook
TALLAHASSEE- Following the latest round of Revenue Estimating Conferences, the state’s Long Range Financial Outlook shows that for the first time in several years, if the forecast holds, the 2013 Legislature will not be facing a shortfall to fund a continuation budget.
Released this afternoon, the September 2012 Florida TaxWatch Budget Outlook provides details on the revenue projections, how much spending is expected to increase, and a look at Critical and High Priority Needs items within that expected increase.
Dominic M. Calabro, President & CEO of Florida TaxWatch, said about the projections, “We are encouraged by the good news of a possible surplus, as even a small surplus is always better than facing a shortfall. However, the state can always be more efficient, and Florida TaxWatch will continue to suggest ways for the Legislature to save and/or return even more of the taxpayers’ hard-earned money in the next Session.”
The Budget Outlook report can be found here.