|Published:||Aug 12, 2010 4:44 PM EDT|
|Updated:||Aug 12, 2010 1:44 PM EDT|
TALLAHASSEE, Fla. (AP) - State economists are meeting to update their estimate of Florida's general revenue for current and future budget years.
Thursday's revision is the second of three estimates made each year. It will help lawmakers decide if they need to make midyear changes in the state's budget.
The Legislature used the last estimate in March to draft the $70.1 billion budget for the fiscal year that begin July 1. General revenue, largely sales tax, accounts for nearly $24 billion of that total.
Actual general revenue collected through June topped the March estimate by $200 million.
The third estimate will be made in November. The next governor will use it to help make a budget recommendation to the Legislature.