Dear Fellow Floridian:
A year ago, I stood on the steps of the Capitol and took an oath to support, protect, and defend the Constitution and Government of the United States and of the State of Florida and to faithfully perform the duties set out for me as your Chief Financial Officer.
After I took office, I developed a pledge to my fellow Floridians that would help guide my service as your CFO. I pledged to:
Foster Job Creation
Cut Government Spending
Promote Accountability and Transparency
Fight Fraud and Abuse
This pledge keeps one central goal in mind, to keep Floridian’s hard-earned dollars in their pockets, where it belongs.
On our one year anniversary, I’m proud of our accomplishments and the strides we have made toward fulfilling my pledge to you.
We’ve reviewed regulations in place at the Department of Financial Services and worked to remove burdensome requirements to help businesses grow.
In partnership with the Legislature, we were able to foster greater transparency so Floridians can scrutinize our state budget and state contracts to better hold their government accountable.
With the support of my Cabinet colleagues, we initiated an external review of the State Board of Administration’s risk management processes and financial controls to ensure we are fulfilling our fiduciary responsibilities to pension plan participants and the public.
We worked with various financial institutions to waive wire transfer fees on reparation payments for Florida’s Holocaust survivors.
We’ve tackled insurance fraud in every form head-on, from PIP to public assistance fraud; and found new ways to tackle the fraud that leads to higher costs for Florida’s consumers.
And, we have stayed the course and maintained the fiscal discipline necessary for Standard & Poor's to revise Florida’s credit rating outlook from negative to stable. High credit and bond ratings equate to savings for Florida and its tax payers.
As we set goals for 2012, I am confident that we will raise the bar higher than ever before and aim to surpass the accomplishments we have achieved in 2011.
I am eager to see what the future holds and what we will accomplish together in the coming years. It has been the honor of a lifetime to serve you in this role, and I look forward to the next three years.
Chief Financial Officer
State of Florida