Florida's Debt Reaches Lowest Amount Since 2010

Posted at 3:17 PM, Sep 26, 2014
and last updated 2014-10-08 11:59:32-04

TALLAHASSEE, FL (WTXL) - Governor Rick Scott announced today that Florida’s debt have been paid down another $400 million this year. This is Florida’s lowest debt since 2010.

Governor Rick Scott said, “Florida’s economy has experienced a tremendous turnaround.”

The turnaround comes from Governor Rick Scott and his staff focusing on paying down debt, cutting taxes and eliminating burdensome regulation.

Since 2010, Florida’s outstanding state debt has been cut over $4 billion, from $28.2 billion to $24.2 billion.

“Florida businesses have created over 640,000 jobs and we have cut taxes over forty times,” Scott said. “I am proud of the work we have accomplished, but we must remain focused on fiscal responsibility and job creation in the Sunshine State."