Florida Debt Drops Again After Jumping Up Last Year

TALLAHASSEE, Fla. (AP) — Florida’s amount of debt is dropping again after rising last year.

That’s according to an annual report presented Tuesday to Gov. Rick Scott and members of the Cabinet.

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.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

6 of the Best Ways to Spend Your Summer in Tampa BayTampa Bay is calling your name! Our beautiful area offers so much and this list is just a small segment of what Tampa Bay has in store for you this summer. Here are the best ways to spend your summer here in Tampa Bay.
Best Party Beaches Around Tampa BayIt's illegal to drink alcohol on most of Tampa Bay's beaches - unless you know about these next six locations.

Listen Live