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CFO Jimmy Patronis: Good Fiscal Responsibility Saves Florida $108 Million

12/3/2019

For Immediate Release: Tuesday, December 3, 2019
Contact: Katie Strickland, 850.413.2842, katie.strickland@myfloridacfo.com
Devin Galetta, 850.413.2842, devin.galetta@myfloridacfo.com
 
CFO Jimmy Patronis: Good Fiscal Responsibility Saves Florida $108 Million

TALLAHASSEE, Fla. – Chief Financial Officer (CFO) Jimmy Patronis released the following statement today on the Division of Bond Finance request for approval from the Governor and Cabinet of the competitive sale of state bonds with an estimated savings of more than $108 million.
 
CFO Jimmy Patronis said, “Today’s news that we will save the state an estimated $108 million in the sale of state bonds shows that taking fiscal responsibility seriously is why Florida's economy continues on a path of strength. Nearly 80% of our state debt has been refinanced over the past nine years, saving the state nearly $3.2 billion. This is yet another way we can ensure taxes stay low in Florida and our communities can continue to thrive by keeping more of their money in their pocket.
 
“I thank Gov. DeSantis for his leadership on this important issue and Director Ben Watkins for his hard work and dedication to serving as a good financial steward of taxpayer dollars.”

 
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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official 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).