July 4, 2022

Press Release

CFO Jimmy Patronis: State Debt Reduction Another Positive Sign for Florida's Economy

| 8/15/2018

TALLAHASSEE, Fla.— Florida Chief Financial Officer (CFO) Jimmy Patronis released the following statement on Governor Rick Scott’s announcement that since December 2010 state debt has been paid down by more than $10 billion.

“This enormous debt reduction is another great sign of Florida’s strong financial health and I’m especially encouraged that our state has a AAA bond rating from all three rating agencies for the first time in history. This is a testament to prudent financial planning, including an emphasis on keeping taxes low and focusing on job creation statewide. I will do everything in my power to continue to ensure Florida is one of the top states in the country for economic growth and is rated number 1 for fiscal health.”

About CFO Jimmy Patronis

Chief Financial Officer and State Fire Marshal Jimmy Patronis is a native Floridian and a member of Florida’s Cabinet, who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).

Tags: Banking & Finance, Government/Politics & Law

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