How Much Money Does Florida Have?

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Just what kind of shape is the state budget in? Tune in this morning.

State economists are counting the contents of Florida’s piggy bank this morning to see how much money the state will have for its budget beginning July 1.

Earlier this year it looked like Florida might have a very small surplus. Estimates last week suggested the state economy has slowed and lawmakers could now face a $2 billion shortfall.

If revenues fail to meet expectations, school budgets may need to be cut — again — next year. That decision will be made after lawmakers return to Tallahassee in January.

You can watch the revenue meeting live here, starting at 9 a.m.