Florida Chief Financial Officer (CFO) Jimmy Patronis today discussed the potential impact of COVID-19 to state revenues with Florida Department of Revenue (DOR) Executive Director Jim Zingale.
CFO Jimmy Patronis said, “With Florida’s tax base heavily reliant on sales and corporate income taxes, I am concerned about state revenues. Additionally, as public services become more heavily relied upon in times of crisis, I’m concerned about the impacts to the state reserves that took so many years to build up. We’ll continue working with the Department of Revenue in acquiring important information on state revenues, and I want to thank Executive Director Zingale for his leadership during this crisis, as we work to get families safely through this pandemic and back on their feet.”
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).
