Dear Fellow Floridian:
Last week, the Office of Economic and Demographic Research (EDR) released its revenue projections for the next fiscal year. Florida’s economists predict a $71.3 million surplus next year even without the $1 billion we currently have in reserves. We are fortunate to have a budget surplus because of Florida’s fiscal discipline over the last few years. These projections are the best our state has seen since the recession hit Florida in 2006, creating the first budget surplus in five years.
We have made the necessary choices to provide for a prosperous future, just as every Florida family must do during challenging economic
times. Gov. Rick Scott and state legislators have kept spending under control and maintained low taxes, thereby preserving Florida’s AAA credit ratingone of only nine AAA-rated states in the countryand saving taxpayers millions of dollars. Last year, Florida was also able to reduce its debt by $500 million. If we remain committed to a fiscally responsible path, we can keep more money in the pockets of Floridians and help improve our opportunities for economic success.
Chief Financial Officer
State of Florida
'Registration of Emergency Contact Info' & 'Financial Planning' Resolutions in Cabinet
CFO Atwater sponsored two resolutions during Tuesday’s Cabinet
meeting that recognize the first week of October as both Register Your
Emergency Contact Information Week and Financial Planning Week.
With the resolution, CFO Atwater encouraged all Floridians to register with the emergency contact database, created in 2006 to help Florida law enforcement personnel get in touch with family members of vehicle crash victims. The database is accessible through the
Florida Department of Highway Safety and Motor Vehicles website and currently contains information for about six million of the more than 16 million drivers in Florida.
Also during the Cabinet meeting, representatives from the 1,400-member
Financial Planning Association of Florida were commended for their efforts in helping Floridians achieve their financial goals. The resolution,
recognizing Oct. 1–7 as Financial Planning Week, emphasizes the importance of each Floridian mapping out his or her financial future.
This issue of
Florida’s Bottom Line focuses on Florida’s small business community
and how to provide a stable economic environment so that we can continue
to help businesses flourish and expand.
The companion website features business news updates and
Florida By the Numbers, a collection of key statistics illustrating
important changes in Florida’s economy over the past month. The latest
data is shown on topics such as consumer confidence, unemployment rate,
new foreclosure activity and Florida's leading, stock and retail index
graphs. Updates are made as new statistics become available.