|Published:||Sep 14, 2010 3:34 PM EDT|
|Updated:||Sep 14, 2010 12:34 PM EDT|
TALLAHASSEE, Fla. (AP) - A joint House-Senate panel is considering the adoption of a revised long-range outlook that would cut Florida's estimate budget gap by more than half to $2.5 billion for next year.
The Legislative Budget Commission on Tuesday also is taking up the addition of about $1.3 billion more in federal stimulus dollars to the current year's budget due to recent congressional action.
State economists have reduced a predicted gap between state general revenues and high to critical priority spending needs for the budget year beginning next July 1.
That's due to an improving economic picture, but the forecast doesn't take into consideration revenue losses from the Gulf of Mexico oil spill. Those have yet to be calculated.