By Gordon Byrd
Aug 2, 2021
TALLAHASSEE (News Service of Florida) - Florida ended the 2020-2021 fiscal year with a strong month of general-revenue collections, bolstered in part by federal stimulus cash and people spending money saved up during earlier stages of the COVID-19 pandemic, a new report from state economists indicates.
The state brought in $4.1 billion in June, topping a general-revenue forecast for the month by $975.7 million. That means collections for the 2020-2021 fiscal year, which ended June 30, landed nearly $2.33 billion over an estimate crafted as the state started to reopen from the early stages of the pandemic.
The report from the Legislature’s Office of Economic & Demographic Research said the fiscal year showed “widespread strength” from April through the end of June, with sales-tax revenue from tourism topping the forecast for the year by 6.7 percent. Also, taxes on automobile sales were above the forecast amount by 9.2 percent, and taxes on non-dur
Rosy Florida economic forecast imperiled by COVID-19 surge, labor shortage, housing costs
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Thursday s Afternoon Update
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Canada border changes could help Florida tourism
Published: July 20, 2021 10:05 PM EDT
Updated: July 20, 2021 10:06 PM EDT
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State economists expressed optimism Tuesday that already-rebounding tourism numbers will see a quicker-than-anticipated boost from international travelers as Canada eases COVID-19 border restrictions.
While decisions remain from the White House about Canadian travelers entering the United States, members of Florida’s Economic Estimating Conference said Tuesday they anticipate changes will be made to make it more convenient for people traveling south of the U.S.-Canada border.
“The borders closed. The border opens. You’re going to have a big jump in people,” Holger Ciupalo, policy coordinator for the governor’s Office of Policy and Budget, said as the economists looked at a long-range outlook for Florida’s economy.
Canadian tourists could return soon to Florida, officials suggest
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