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.