Forecast: Fla. Might Dodge Budget Shortfall

Posted: September 7, 2011 in News and politics

Published: Wednesday, August 31, 2011 at 10:07 p.m.

Florida legislators and Gov. Rick Scott are getting some good news — sort of — about the state budget.

A new three-year forecast released late Thursday by state economists cautiously predicts that the state might avoid a budget shortfall in 2012.

The forecast, which is required by the state constitution, said that the state could have enough money next year to meet its spending needs in areas such as health care and education and still have enough left over to put $1 billion into reserves. The state’s current overall budget is just more than $69 billion.

But economists strongly warned that the forecast is on shaky ground because it assumes a certain amount of growth over the next year that could be undermined by recent economic woes.

Copyright © 2011 — All rights reserved. Restricted use only.

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