Capital Report

Florida Revenue Gets A Boost From Sales Taxes And Corporate Income Taxes


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Last week, a Florida Senate committee heard that a potential surplus of more than $220-million had likely disappeared for next year’s state budget because of Hurricane Michael . This week, the outlook turned more positive, with analysts projecting a significant increase in state revenue over two years. Budget analysts periodically meet inside a building next to the Capitol for what’s known as the Revenue Estimating Conference.
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