CFO Seal in Gold

CFO Patronis Press Release Archive

  • CFO Jimmy Patronis: The 2024 Disaster Preparedness Sales Tax Holiday is Underway

    8/27/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis is urging Floridians to take advantage of the 2024 Disaster Preparedness Sales Tax Holiday to save money and prepare now by stocking up on essential hurricane supplies. Between August 24 – September 6, 2024, consumers will be able to purchase much needed hurricane-preparation supplies without paying taxes. This 14-day tax holiday allows Floridians to prepare for hurricane season while saving money on disaster preparedness items such as flashlights less than $40, batteries less than $50, tarps and pet food under $100, generators less than $3,000, and much more.
  • CFO Jimmy Patronis: Unclaimed Property Auction in West Palm Beach Returns a Record $2.51 Million

    8/26/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced that a record $2.51 million was generated by the state's unclaimed property auction in West Palm Beach this weekend, including the sale of 505 lots consisting of more than 66,000 items. Some of the items auctioned included a men’s gold ruby and diamond ring and a ladies platinum and diamond Hamilton watch. Until claimed, unclaimed funds are deposited into Florida's school fund for the benefit of public education. There is no statute of limitations and consumers have the right to claim their unclaimed funds at any time, at no cost. During the 2023-2024 Fiscal Year, the Division of Unclaimed Property also returned an annual record of more than $433 million to Floridians.
  • CFO Jimmy Patronis Announces Investigation into CarShield for Deceptive Sales Practices

    8/21/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced an investigation by the Florida Department of Financial Services’ (DFS) Division of Agent and Agency Services into nationwide vehicle service contract company CarShield for deceptive sales practices in Florida. The Federal Trade Commission (FTC) recently fined CarShield $10 million to resolve charges of deceptive advertising and misrepresentations by celebrity endorsers. DFS regulates and licenses warranty and service contract sales representatives and agencies. Following the recent fines levied by the FTC, the Department will conduct a review of sales agents and agencies who promote and sell CarShield products.
  • CFO Patronis Proposes ‘Sunshine Freedom Bank,’ A First-of-its-Kind State Bank of Florida

    8/19/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis proposed the “Sunshine Freedom Bank,” a public bank of Florida that would establish state control over state funds. The Florida Treasury, which CFO Patronis oversees, processes over $150 billion annually but relies on banks in New York City and San Francisco to manage those funds. The Sunshine Freedom Bank would provide the opportunity to manage taxpayer dollars completely in the State of Florida, save on administrative costs, increase investment earnings, and improve Floridians’ bottom line by saving taxpayer dollars — as every investment dollar earned is one less that needs to be taxed.
  • **VIDEO RELEASE** CFO Jimmy Patronis Announces Unclaimed Property Auction in West Palm Beach

    8/16/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced the Florida Unclaimed Property Auction next weekend in West Palm Beach, with the auction preview beginning on Friday, August 23 at 9 AM EST and the auction beginning on Saturday, August 24 at 9 AM EST.
  • CFO Jimmy Patronis Announces Arrest of Broward County Insurance Adjuster

    8/16/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Giorgio Giovanni Gonzalez, owner of Maximum Claims Recovery, Inc., on two counts of felony charges of Unlicensed Public Adjusting. Giorgio Giovanni Gonzalez allegedly secured public insurance adjuster contracts for adjusting, and appraisal services, without being licensed in the state of Florida, and then unlawfully withheld money belonging to two policyholders. Gonzalez defrauded the two policyholders out of $34,424.
  • CFO Patronis to Congress: Investigate the Biden-Harris Administration for Supporting Debanking of U.S. Citizens

    8/14/2024
    Today, Chief Financial Officer Jimmy Patronis issued a formal letter to Rep. Jim Jordan, chairman of the U.S. House Select Subcommittee on the Weaponization of the Federal Government, requesting an investigation into the insidious practice of “debanking.” Debanking involves denying, suspending or dropping law-abiding banking consumers from financial institutions or services over their political and religious beliefs, and it has exploded under the Biden-Harris administration. The letter also comes in response to the U.S. Treasury Department’s effort to target Florida for enacting House Bill 989, a law that protects consumers from debanking and other partisan financial abuses within the state. A senior Treasury official recently characterized Florida’s consumer protection law as supporting “terrorism,” when in fact it frustrates the administration’s ability to hide behind national security when weaponizing the federal government against law-abiding citizens and businesses.
  • CFO Jimmy Patronis Returns More than $50 Million in Unclaimed Property in July

    8/12/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis announced that more than $50 million in unclaimed property was returned to Floridians during the month of July. Since CFO Patronis took office in 2017, more than $2.5 billion in unclaimed property has been returned to Florida citizens.
  • **CONSUMER ALERT** CFO Patronis: Beware of Unregulated Lending Products and Excessive Household Debt

    8/9/2024
    Today, Chief Financial Officer (CFO) Jimmy Patronis issued a consumer alert warning Floridians about unregulated consumer loan products and the impacts of excessive household debt affecting families across the country.
  • CFO Jimmy Patronis Applauds Senator Rick Scott’s Homeowners Premium Tax Reduction Act

    8/8/2024
    Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a statement in support of Senator Rick Scott’s Homeowners Premium Tax Reduction Act. This proposed legislation will provide American homeowners an above-the-line tax deduction of up to $10,000 of premiums paid for homeowners’ insurance annually at their primary residence.