BRADENTON, Fla. - Florida’s budget surplus, projected at $845 million in fiscal 2015, could quickly erode because of congressional action, or inaction, on the federal budget and debt ceiling, state lawmakers learned Wednesday.

While an ongoing fragile housing market has the potential to slow the Sunshine state’s economic recovery, critical federal decisions could also alter the revenue forecast for the next budget, the state’s top economist, Amy Baker, told the Florida House Appropriations Committee.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.