TALLAHASSEE, Fla. (AP) — Florida’s amount of debt is dropping again after rising last year.
The new report shows that Florida’s overall debt stood at $24.1 billion at the end of June. That’s a decrease of $1.6 billion over the previous fiscal year.
Florida’s debt had jumped up in 2015 due primarily to money borrowed to cover the expansion of Interstate 4 in central Florida. But the debt has gone down by $4.1 billion since 2010.
During his time as governor, Scott has also made it a priority to limit borrowing including issuing bonds to pay for school and college construction projects.