Let’s see how the Florida Legislature manages having $1 billion less to spend.
From the Miami Herald:
Florida’s big-time budget boom, sparked by a flurry of rebuilding after devastating storms and soaring property values, has ended, leading to the first time in more than 30 years that the state is expected to collect less in taxes than it had the previous year.State economists said Monday that tax collections for the current budget year, which ends June 30, continued to drop below previous estimates and would force the state to dip into reserves in order to balance the budget. They also projected that things may get better next year, but only slightly.
