Budget Watch–General Revenue Estimates Reduced Slightly

 Loss of Indian Gaming Revenue Puts a Dent in General Revenue; State to Refund $542 Million in Excess Corporate Income Taxes

/ Categories: Research, Budget/Approps

The General Revenue (GR) Estimating Conference met on August 14 to develop a new revenue forecast for Florida. It was a challenging and complex conference for the state’s economists.  The uncertainty surrounding corporate income tax collections, the loss of Indian gaming revenue, a weaker economic forecast, and the impact of Hurricane Michael were some of the factors they were dealing with.

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