C F O Patronis' Weekly Rundown newsletter
DFS Homepage | Past Issues | PDF Volume 15 | Number 16 | April 27, 2018

Dear Fellow Floridians:

Economic independence is something each of us wants and strives for. For those in Florida with unique abilities, this goal is no different. It’s estimated that 74 CFO greets My Money participantspercent of Floridians with unique abilities live with a family caregiver while 16 percent live alone or with a roommate. I hosted "Manage My Money" Day with The Arc of Tampa Bay to showcase our My Money program, geared toward helping persons with disabilities achieve economic independence. Whether it is wanting to live on your own or simply having your own bank account, economic independence is linked to financial empowerment.

One of the most amazing parts of this program is that parents, guardians and support providers of individuals with developmental disabilities also have access to important information on teaching financial skills and the different ways to save and invest money. Gaps in employment and participation in the workforce for this population exists, and it’s my goal to bridge that gap through practical, every day tools that are easily accessible. Manage My Money Day could CFO speaks to My Money participantsnot have been made possible without the help of various financial institutions from the League of Southeastern Credit Unions and the Florida Bankers Association, who shared information and allowed attendees to open savings accounts on site.

Together, we can ensure all Floridians have the tools they need to strengthen their financial future.

Sincerely,

Jimmy
Jimmy Patronis
Chief Financial Officer
State of Florida

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News of Interest

WPTV West Palm Beach: Do you have unclaimed money? Check here!

Fox News 13 Tampa: CFO Reunites Cerebral Palsy of Tampa Bay with 38K of Unclaimed Property

Florida Politics: State seeks answers on workers’ comp market

Fort Myers News Press: Fort Myers bail bond agent arrested

Florida Politics: Court OKs open records exemption for insurance claim disputes

Sun-Sentinel: Construction jobs abound in South Florida as unemployment declines

Tallahassee Democrat: Man accused of fraudulently receiving $4K in food stamps

Fox News: Ringleader in $23M insurance fraud lived 'lavish lifestyle'

Fort Myers News-Press: Hurricanes and beyond: Drones take insurance industry by storm

Claims Journal: Florida unemployment at 3.9 percent for sixth straight month


CFO Jimmy Patronis’ Division of Consumer Services Donates 1,000 Financial Literacy Books for Kids

Florida's Chief Financial Officer (CFO) Jimmy Patronis announced today the donation of 1,000 copies of “Sammie Learns to Earn,” a financial literacy book developed by the CFO’s Division of Consumer Services, to the Early Learning Coalition of the Big Bend in honor of Teach Children to Save Day on April 20. Teach Children to Save Day introduces children to smart money management and prepares them for major financial decisions ahead.

"A Federal Reserve report found that kids exposed to financial education ended up with higher credit scores than those who were not." said CFO Jimmy Patronis. "It’s never too early to start having discussions about the importance of finances with our children. We will continue to find ways to partner with similar organizations and local school districts to further educate our children about the importance of finances."

The "Sammie Learns to Earn" book shares the adventure of Sammie, the Savings Scottie, and teaches children how to save and budget their money in a fun and exciting way. For organizations wanting to partner with CFO Patronis' financial literacy initiative, please contact CFO.Patronis@myfloridacfo.com.


Operation S.A.F.E., Be Scam Smart Workshops

Operation S.A.F.E.Florida Chief Financial Officer Jimmy Patronis invites you to participate in Operation S.A.F.E., Be Scam Smart, a free workshop for seniors, their families, and caregivers.

The Florida Department of Financial Services launched Operation S.A.F.E. (Stop Adult Financial Exploitation) as part of CFO Patronis’ On Guard for Seniors initiative. Be Scam Smart workshops help inform, empower, and protect Florida’s seniors from financial scams and fraud. If you want to make sure your savings are protected, register for this workshop and get a better understanding of how scam artists and scams work.

Be Scam Smart by learning more about:

  • How to Spot Fraudulent Behavior - Are you at risk?
  • Common Scams that Target Seniors - Is this too good to be true?
  • How to Fight Identity Theft - Protect, Prevent, Police

Feedback from seniors who attended a Be Scam Smart workshop:

"Really learned a lot of valuable information." - Jacksonville
"This was a very valuable topic of interest in our present world." - Arcadia
"I live alone and learned a lot of helpful information that I can share with other seniors." - Zephyrhills
"As a result of this presentation I will be more aware of what is going on around me." - Pensacola
"The info was very good and eyes opened more than ever." - Ormond Beach

Find out more about us in the About Us section or Register for an upcoming event, including the following workshops:

Thursday, May 10th – Ft. Pierce – 10:30 a.m. to 12:00 p.m.
Your Plate Health and Wellness Center, Treasure Coast Food Bank
1203 Orange Avenue, Ft. Pierce, FL 34950
Register | Directions | Flyer

If you would like to request a workshop in your area, let us know.


Florida Economic Briefs

Florida’s Unemployment Rate Holds Steady
The U.S. Bureau of Labor Statistics reported Florida’s unemployment rate held steady in March 2018 at 3.9 percent (the same as February), while the U.S. rate was higher at 4.1 percent. The industries reporting the largest increases in number of jobs were professional and business services, leisure & hospitality, and construction.
Source: The U.S. Bureau of Labor Statistics

Home Sales Cool in March for Southern States
The National Association of Realtors reported sales of existing home dropped 0.4 percent in March 2018 compared to February; however, sales were up 0.4 percent from March 2017. In addition, the median price for South region homes increased 5.7 percent compared to March 2017.
Source: The National Association of Realtors

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