Florida’s General Revenue Collections Above Pre-Pandemic Levels

On Friday, September 3rd, the Legislative Budget Commission accepted a report that indicated Florida’s general revenue collections are projected to be above the pre-pandemic forecasted levels for Fiscal Year 2021-22 and Fiscal Year 2022-23.

Also, revenue collections are expected to increase approximately four percent per year throughout the forecast period.

Speaking Friday at the Joint Legislative Budget Commission, House budget leader Jay Trumbull credited Florida’s swift reopening and a history of prudent budgeting for getting the state’s finances back on track — and even above pre-pandemic estimates. Trumbull, a Panama City Republican who is co-chair of the Joint Legislative Budget Commission, said the report indicates “the state’s budget is in great shape.”

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June General Revenue in Florida Exceeds Economic Forecasts

Florida’s Historic Capitol and Florida State Capitol

The Florida Legislature’s Office of Economic and Demographic Research (EDR) reported just under $4.1 billion in general revenue (GR) for the month of June to cap off the 2020-2021 fiscal year (FY).

On Monday, the EDR released the report that shows $975.7 million (31.2%) more than the forecasted amount of $3.124 billion, which was updated on April 6th during the EDR’s last General Revenue Estimating Conference (GREC) for the 2020-2021 FY.  

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