FL Heading For Another Budget Surplus

 

 

TALLAHASSEE, Fla. (AP) _ Florida is expected to have another budget surplus in the coming year, but it doesn’t appear there is enough money for Gov. Rick Scott to cut taxes as deeply as he promised on the campaign trail.

The annual forecast released this week shows the state is expected to bring in enough money in 2015 to meet its spending needs for schools and health care.

But that forecast shows the state’s budget surplus will be about $635 million during the fiscal year that starts in July 2016.

Most of that money, however, is a one-time windfall, so it would be hard to use it for any ongoing tax cuts.

Senate President Andy Gardiner said in a statement that he wants to use the surplus to boost school funding and cut taxes by $250 million.

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