Fla. Economy Expected to Grow

By: Associated Press
By: Associated Press

TALLAHASSEE, Fla. (AP) -- State economists are projecting that Florida's economy should continue to grow slowly over the next two years.

Preliminary estimates released Thursday show economists expect state tax collections to grow by 4 percent to 5 percent over the next 18 months.

Economists will meet all day to come up with a final figure, but the initial projections suggest economists do not expect any major changes from estimates that state legislators used to draw up this year's state budget.

The state's largest source of money is the 6-percent sales tax although other taxes are part of the main budget account.

Collections so far this year have been slightly over initial estimates, but state economists warned earlier this summer that the state economy is still recovering slowly from the recession.

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