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July Tax Collections Top Expectations
Florida collected about $3.311 billion in general-revenue taxes in July, $225.9 million more than had been forecast in March, according to a report posted online Tuesday by the Legislature’s Office of Economic & Demographic Research.
The report came after state economists in August issued a new forecast that updated the March estimates.
The August update added $2.77 billion to the state’s general-revenue tax projections for the current fiscal year and next fiscal year.
General revenue is closely watched because it helps fund schools, health-care programs and prisons.
House and Senate members who serve on the Joint Legislative Budget Commission will receive a presentation Friday on a long-range financial outlook --- through 2026-2027 fiscal year --- for the state.
