State economists are wrestling with projections in today's Revenue Estimating Conference. By the end of the day today, the Legislature should have its latest and best look at the revenue outlook for the current and coming year. At the moment, current year deficit estimates are running anywhere from $900 million to $1.1 billion, well above the . $700 million estimate included in the Governor's budget proposal. For next year, the Governor had estimate a deficit of $1.2 billion, but what seems to taking shape is a shortfall of about $2.2 billion to $2.6 billion.
Office of Economic & Demographic Research http://edr.state.fl.us/conferences.htm
With the massive devaluation of many stocks and investments, Florida's public employee pension fund is taking a beating, even though it's still regarded as being one of the best-managed in the country.