Closeup Of US Currency, TFP File Photo

July Tax Collections Top Expectations In Florida

Florida collected about $3.311 billion in general-revenue taxes in July, $225.9 million more than had been forecast in March, according to a report posted online Tuesday by the Legislature’s Office of Economic & Demographic Research.
TFP File Photo

Florida collected about $3.311 billion in general-revenue taxes in July, $225.9 million more than had been forecast in March, according to a report posted online Tuesday by the Legislature’s Office of Economic & Demographic Research.

The report came after state economists in August issued a new forecast that updated the March estimates.

The August update added $2.77 billion to the state’s general-revenue tax projections for the current fiscal year and next fiscal year.

In the news: Florida Man Arrested For Trafficking Meth During Hurricane Idalia

General revenue is closely watched because it helps fund schools, health-care programs and prisons.

House and Senate members who serve on the Joint Legislative Budget Commission will receive a presentation Friday on a long-range financial outlook — through 2026-2027 fiscal year — for the state.

Android Users, Click To Download The Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter. Signup for our free newsletter. 

We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps

Login To Facebook To Comment