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Florida 2-Year Revenue May Trail Estimates by $1.57 Billion

Florida forecast revenue to trail estimates by $1.57 billion over two years, joining at least two dozen states that have projected fiscal 2013 shortfalls.

The revenue outlook announced today by legislative forecasters may mean the state will be forced to cover another deficit in the coming fiscal year. Lawmakers have closed $17.8 billion of gaps since 2009.