Florida TaxWatch Expects More Revenue in Coming Years

Florida TaxWatch noted on Thursday that the Legislature will have almost $30 billion in general revenue for next years budget.

"Florida is now in the middle of its largest ever state budget, which is expected to grow even larger next year," said Dominic Calabro, the president and CEO of Florida TaxWatch. "Florida is experiencing steady recovery and growth and our revenues have finally recovered from the recession."

Florida TaxWatch expected general revenue to grow between 4-5 percent over the next three years. Despite this, Kurt Wenner, the vp for tax research of Florida TaxWatch, said legislators had tough choices facing them when they convene in the spring.

"While state revenue continues to grow, the next budget may be a little tighter than expected," said Wenner. "If legislators want to keep the same level of reserves there are now, there will be only $43 million more GR available than was spent this year, which will likely result in increased competition to fund social programs, provide tax cuts, and increase investment in core government services, such as education and health care."

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