tax revenue

The Legislature’s Office of Economic & Demographic Research estimates the state collected $447.2 million more in November than the projection issued in August.

Inflation gets the credit as Florida’s general revenue substantially topped expectations in June and in the recently completed fiscal year.

Monthly tax collections in Florida continue to exceed expectations, while state economists are concerned that inflation will take a toll on consumer spending.

Florida lawmakers will have an additional $2.6 billion to play with in general-revenue taxes, along with nearly $6 billion in unspent federal coronavirus stimulus money, as they begin to piece together an election-year budget.

As federal stimulus checks gave Floridians more money to spend, the state’s April revenue collections topped an economists’ forecast by nearly 24%.

State economists released a report Tuesday that said general revenue for September was $230.2 million above a revised estimate issued in August.

State financial estimators say they need more information before predicting how legalizing medical marijuana would affect tax revenue. The financial…

UPDATE: As Florida slowly recovers from the recession, state economists released their official forecast on Thursday for the amount of tax revenue…