TALLAHASSEE, Fla. (AP) - State economists are updating Florida's general revenue estimate, and the outlook is not promising.
Preliminary figures Tuesday show the new estimate could range from $420 million to $705 million less than previously anticipated for the current budget year that runs through June 30.
It also may be down for the next budget year by $560 million to $762 million.
That combination could add at least $1 billion to a previously estimated $2.5 billion budget gap between expected income and high priority to critical spending needs previously forecast for the next fiscal year.
Governor-elect Rick Scott will use the new revenue estimate in his budget recommendation to the Legislature early next year.