AI-assisted summary
State economists project Florida will have a $3.8 billion surplus in the next fiscal year.
This surplus, however, is followed by projected shortfalls of $1.5 billion and $6.6 billion in subsequent years.
Future deficits are driven by anticipated spending increases in areas like Medicaid, education, and state worker health insurance.
State economists project Florida will have a in the next fiscal year, but that’s followed by shortfalls of $1.5 billion and $6.6 billion in the following years if spending trends from the last three years continue.
The numbers come from the , a document prepared each year by to estimate the future revenues and spending for the next three fiscal years, based on the previous three years’ worth of spending.
The document credits the Legisl