Dear Fellow Floridian:
This week, I again called on Congress to take immediate action to spare
Floridians from the devastating rate hikes forthcoming as result of reforms
to the National Flood Insurance Program (NFIP). These changes, set to begin
October 1, will dramatically increase the costs of flood insurance, and in a
number of instances actually expand and redefine flood zones and risks.
The NFIP was created to help families who live in flood prone areas, and I
understand the importance of improving its financial stability. Unfortunately,
there is no guarantee the scheduled changes will improve the program because of
the possibility that they create further instability in what is already a
delicate real estate market. Our state’s real estate market will be hard-pressed
to withstand the shock of unexpected flood insurance cost increases, which will
make it more difficult to own or sell a home.
I have made it clear to every member of Florida's congressional delegation,
Republican and Democrat alike, that the scheduled changes will bring significant
financial hardship to unsuspecting Florida families already facing economic
challenges. I hope that you too will contact your U.S. Senators and
Representatives, and let them know that they need to quickly act to correct a
Chief Financial Officer
State of Florida
CFO Atwater Offers ‘Paying for College: Controlling Your Degree of Debt’
The Department of Financial Services is teaming up for a second year with
the Florida Association of Student Financial Aid Administrators (FASFAA) to
offer a free webinar entitled “Paying for College: Controlling Your Degree
of Debt.” As financial aid application deadlines are fast approaching, this
webinar will provide valuable information on the variety of financial aid
programs that can minimize college debt.
The next webinars are scheduled for 5:30 p.m. on Sept. 30th and 8:30 a.m. on
October 2nd. The webinars will provide information about the variety of
financial aid programs available, how financial need is determined, how to
calculate the true cost of education and how to complete all the steps in the
financial aid application process.
For more information or to register for a “Paying for College: Controlling
Your Degree of Debt” webinar, visit
or call the Division of Consumer Services helpline at 1-877-MY-FL-CFO
This webinar is offered as part of CFO Atwater’s Your Money Matters
initiative to help Floridians secure a firm financial foundation. This program
provides important financial information and resources to inspire all Floridians
to take charge of their financial future.
Innovation Drives Florida's Economy
Florida has worked hard to create an environment for long-term growth and
investment that allows businesses to better serve their communities and
employ more of their neighbors. This culture of economic innovation has
recognized as the “Most Innovative State in the Nation” by
Fast Company magazine this year.
Beginning with its edition on biotechnology, Florida’s Bottom Line
is presenting a three-part series on
Innovative Florida, highlighting the people and
industries that are driving our future as a diversified economy. We are now
recognized as one of the most attractive areas worldwide for the
biotechnology industry, with more than 200 biotechnology companies calling
The quarterly edition of Florida's Bottom Line is
complemented by its often-updated website,
www.MyFloridaCFO.com/FloridasBottomLine. When new
economic data is released, it can be found here. Florida's consumer
confidence, retail index, employment statistics and various other
resources will keep you up-to-date.