MORE STATE REVENUE

An unexpected surge in sales-tax and corporate income-tax collections could mean a significant increase in revenue for the State of Florida. If the revenue projections hold, it will ease the financial pressure on incoming Governor Ron DeSantis, as he prepares his first budget recommendation. State revenue collections during the fiscal year that started July 1 have been running 365 million dollars ahead of projections that had been last revised in August. The sales tax and the corporate income tax are the two largest general revenue sources in the state budget. The new 2019-2020 general revenue projection is 3.1 percent higher than this year.

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