|Published:||Dec 14, 2010 7:46 PM EST|
|Updated:||Dec 14, 2010 4:46 PM EST|
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.
- Woman takes wallet left at Walmart, uses debit card
- Annual 'Red, White & BOOM!' celebration comes to an end
- Redmond: Man charged with spreading HIV wants case dropped
- Elderly Naples man accused of molesting special needs teen
- Mother accused of doing 'whippets' while baby was present
- Family surprises neighbors with 'Random Acts of Kindness'
- A feud between fire and EMS could soon come to an end
- Lee County school board votes to make school day longer
- Caretaker allegedly takes more than $11,300 from victim
- G. Weaver Hipps Elementary collects supplies for foster kids