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Fla. finances expected to remain in good shape

Posted Thursday, August 7th 2014 @ 5am

TALLAHASSEE, Fla. (AP) - Florida economists are projecting the state's economy will continue to remain in good shape over the next few years.

State economists on Thursday drew up new forecasts that show that the state's economy continues to recover after the great recession.

Economists estimate the state's main budget account will grow 3.8 percent during the fiscal year that started in July. Economists are also projecting a 3.9 percent increase in the fiscal year that starts in July 2015.

That's a slight dip from previous forecasts in March. One main reason is that there has been a drop in corporate income taxes. 

But Amy Baker, the head of the state's office of economic and demographic research, said it's because businesses are spending more and does not show any weakness in the economy.


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