Florida expects $5.4B revenue shortfall over next 2 years
TALLAHASSEE, Fla. (AP) — Florida’s revenue is expected to drop $5.4 billion over two years compared to original projections as the tourism industry lags and unemployment remains high because of the coronavirus pandemic.
That’s what Amy Baker, the Legislature’s top economist, told lawmakers Thursday.
While the state has rebounded somewhat as its begun reopening businesses and attractions, Baker said many people are still going to limit social interactions, traveling within the state and dining out.
She also said Florida’s tourism industry will be the slowest to recover.
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