main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services

Sign up for the CFO's
weekly newsletter!

Press Release

News   RSS RSS   Press Office   Archive

Statement by CFO Sink on the Need for a Special Session

11/21/2008

CONTACT:
Tara Klimek or Kevin Cate
(850) 413-2842
 
TALLAHASSEE-- Florida Chief Financial Officer Alex Sink today offered the follow statement following the Revenue Estimating Conference for the General Revenue Fund:

“Today’s news is a sobering reminder of Florida’s declining state revenues.  The Revenue Estimating Conference, in announcing a budget shortfall of $2.2 billion, underscores the need for the Legislature to begin taking action immediately to resolve our budget crisis.

“Sharp declines in tourism, consumer spending and corporate earnings demand that our state quickly reevaluate expenditures.  During the last 12 months, Florida has lost more than 156,000 jobs and our unemployment rate of seven percent is significantly higher than the national average.

“Just as families around the state are sitting down reviewing their finances, we need to start taking action now.  As the keeper of the people’s checkbook, I will continue to advocate for fiscal responsibility and swift action.”
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.