• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Government / Gov. Scott: State Debt Reduced by More Than $10 Billion

Gov. Scott: State Debt Reduced by More Than $10 Billion

Posted on August 13, 2018

Governor Rick Scott today announced that since December 2010, state debt has been paid down by more than $10 billion. This is the largest reduction of state debt during one administration in Florida’s history. In June, Governor Scott announced that Moody’s Investors Service upgraded Florida’s General Obligation (GO) bond rating to Aaa, and for the first time in the history of Florida, all three rating agencies now have Florida’s GO bond rating at AAA.

Governor Scott said, “In Florida, we’ve shown that you can have a balanced budget, reduce debt and create jobs all while cutting taxes. Since 2011, our unemployment has dropped by more than seven percent, and we’ve created more than 1.5 million jobs. This incredible turnaround is proof that when you cut taxes and invest in what’s important to families and businesses, everyone succeeds. I’m proud of the accomplishments we’ve made over the past seven and a half years and all the work we’ve done to make sure that every Florida family has the opportunity to live the American Dream in the Sunshine State.”

Since Governor Scott took office, Florida has experienced an incredible economic turnaround, including:

  • Florida’s businesses have added more than 1.55 million new private sector jobs since December 2010;
  • Taxes in Florida have been cut nearly 100 times, saving families and businesses more than $10 BILLION;
  • Florida’s unemployment has dropped from 11.2 percent to just 3.8 percent; and
  • Florida has paid down by more than $10 billion in state debt.

For more information about Florida’s record debt reduction, click HERE.

Share this article! Share on FacebookShare on Twitter

Filed Under: Government Tagged With: Governor Rick Scott, State Debt

Primary Sidebar

    Submit News    

Senate Unanimously Passes Balanced Budget, Ensures Significant Reserves as Economy Recovers

Key investments in child welfare, minimum wage - New infrastructure plan mitigates impacts of sea level rise, … [Read More...] about Senate Unanimously Passes Balanced Budget, Ensures Significant Reserves as Economy Recovers

Senate Passes Comprehensive Plan to Invest in Florida’s Infrastructure

The Florida Senate today passed Senate Bill 2512, Documentary Stamp Tax Distributions, and Senate Bill 2514, … [Read More...] about Senate Passes Comprehensive Plan to Invest in Florida’s Infrastructure

27 arrested in Operation No Warning

Suspects were a major supplier of cocaine in Leon and Gadsden counties Florida Department of Law Enforcement … [Read More...] about 27 arrested in Operation No Warning

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2021 Capital Soup · All Rights Reserved ·