State Budget Projections Fall Short of Expectations in January

Tallahassee, FL (Newsradio 92.3) -- Florida's general revenue for January fell short, coming in at about $4.184 billion—$31.4 million less than expected. Sales taxes, which are a big part of that revenue, were down $10.3 million, and corporate income taxes missed the mark by $18.8 million. However, earnings from state investments were a bright spot, exceeding forecasts by $25.8 million. Economists will update their projections on March 14, which will help shape the budget negotiations for the next fiscal year.