Gov. Rick Scott: State debt reduced by more than $10 billion

Rick Scott Announcement
Posted at 6:26 AM, Aug 14, 2018
and last updated 2018-08-14 08:26:13-04

TALLAHASSEE, Fla. (WTXL) - Governor Rick Scott announced Monday 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 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.

"Since 2011, our unemployment has dropped by more than seven percent, and we’ve created more than 1.5 million jobs," said Scott. "This incredible turnaround is proof that when you cut taxes and invest in what’s important to families and businesses, everyone succeeds."

The governor is running for U.S. Senate against Democrat Bill Nelson.