Tallahassee, FL (July 20, 2023) - Governor Rob DeSanctis today declared, we overcharged Florida taxpayers by $400 million. Instead of returning it, I will use it to further my failing Presidential campaign.
Posted on 07/20/2023 12:15:39 PM PDT by Jacquerie
Gov. Ron DeSantis announced on Wednesday that the state has made an early paydown of $400 million towards active debt through the payoff of bonds prior to maturity, avoiding accruing interest costs.
The payoff was facilitated through the Debt Reduction Program, which was established as part of the state’s Fiscal Year (FY) 2023-24 budget. Amidst its inception, DeSantis maintained that the program would allow the state to eliminate various avenues of debt ahead of schedule.
According to the Division of Bond Finance, Florida’s total debt amounts to $16.0 billion at the end of FY 2023, marking the lowest level since FY 1999. The benchmark debt ratio (debt service to revenues) also decreased to 3.78 percent in FY 2022 as a result of increased revenues and remained under the 6 percent target for the ninth consecutive year.
Florida has now paid down approximately $5 billion in state debt since DeSantis took office in 2018, with additional payoffs expected over the fiscal year.
(Excerpt) Read more at thecapitolist.com ...
I think Florida’s annual budget is close to $100 BILLION.
$400 MILLION is less than 1/2 of 1%.
This is good, but not good enough.
Florida Ping!....................
Read the article.
I just bought camera gear some from Japan and some
from USA online dealers. They were a mix of New
and used, and one thing they have in common is
lately state taxes were charged that never used
to be charged on internet purchases.
DeSantis and other governors taking credit for
paying off debt with more taxes? In my book
they can’t take credit for taxing me more.
In addition to early debt paydown, we have enjoyed remarkably expanded sales tax holidays this year.
Are you sure it was not a federal law that allowed all internet sales to be taxed?
Horrors! More of that Deep State activity from Deep State DeSantis... King of the Deep Staters. Always deepstating around. Who knows what deepstateness he’ll pull next?
Lowest level since 1999—two years after the Pubs took both houses for the first time since Reconstruction and the year Bush took over from Chiles/MacKay, giving them the trifica. And what did they do? Run up deficits.
Good for DeSantis.
45 states and DC collect tax on internet sales
He can come back to Florida and finish what he has started.
the FRS Pension Plan is not on a sustainable path and will not maintain solvency long-term.
Since 2002, unfunded liabilities have grown by over $130 billion from $86.5 billion to $217.4 billion in 2022 with a deficit of $38 billion.
The State Board of Administration is responsible for investing and managing the funds from the FSR, as well as over 25 other funds as tasked by the Florida Legislature.
Gov. Ron DeSantis is the chair of the Board of Trustees for SBA and is composed of two other members — Chief Financial Officer Jimmy Patronis and the Attorney General Ashley Moody.
“Florida’s total debt amounts to $16.0 billion “
But I thought everything was peaches and cream, down in The Swamp.
All them folks flooding into FL and there is still $16B ?
Stay in The Swamp Florida Man. ya got work to do.
BTW- did I mention he was born in 1978 and Mom was naturalized in 1983, making him not an NBC, just like Nimarata and Vivek?
Flame away
That’s the way to use the tax-payer’s dollars wisely. Paying off debt rather than incurring more is almost unheard of these days.
DeSantis is a good governor. He should concentrate on doing what he is good at for right now.
<>Flame away<>
Your comments are cringe-worthy, not flame-worthy.
Agree.
Good government is rare.
It was mistake for him to run for POTUS. He should finish out his FL term and look toward 2028.
Tallahassee, FL (July 20, 2023) - Governor Rob DeSanctis today declared, we overcharged Florida taxpayers by $400 million. Instead of returning it, I will use it to further my failing Presidential campaign.
So he’s doing a great job as FL executive. Give the man some credit.
Meanwhile, Gavin’s debt load in CA is gaining momentum.
FWIW it’s my opinion that POTUS was not his idea and that he’s running to appease the money people but sandbagging to achieve the result he really wants.
Maybe.
He didn't know - I certainly didn't know - last year that Biden would instruct the DOJ and their auxiliaries to take actions that would ensure former president Trump would automatically become the GOP nominee.
Right now over 110 percent of Republicans say they will vote Trump in the primary. It can only go higher as DOJ piles the fuel higher.
If Trump's primary poll numbers ever drop below 100 percent I expect Hunter will install a stripper's pole on the White House lawn usually reserved for the Easter egg hunt - and dare anyone to criticize his action.
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