“Two years ago unemployment and state-debt were up, while housing
prices were down. To grow jobs, we cut taxes, cut burdensome
regulations, made strategic investments and made state government more
accountable to taxpayers. The results are in – and IT’S WORKING. Moody’s
has given credit to our management of taxpayer dollars, and we’ve paid
down $3.5 billion in state debt, which won’t burden our future
generations.According to the Division of Bond Finance, by reducing total debt by $3.5 billion, costs related to servicing the debt has decreased by $6.9 billion since 2010, which over time has freed additional resources for state priorities. Refinancing debt at historically low interest rates has also contributed to lower debt service payments. The State has refinanced $2 billion in debt during fiscal year 2013 generating $500 million in debt service savings.”
~ Gov. Rick Scott
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