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CFO Sink Announces $300,000 in State Agency Savings in Three Months

3/27/2009

CONTACT: Kyra Jennings or Jayme O’Rourke
                 (850) 413-2842

TALLAHASSEE—Florida Chief Financial Officer Alex Sink today announced that as a result of savings from renegotiating existing contracts, her Department of Financial Services has saved over $300,000 in less than three months.  A document detailing the 27 renegotiated contracts saving over $300,000 is attached.

“Especially in our state’s budget crisis, I am working to make sure that taxpayer dollars are being spent as responsibly and efficiently as possible.  I am pleased that in my Department, we have already saved over $300,000 just since January through renegotiating our contracts,” said CFO Sink.  “I will continue to look for any way we can tighten our belt here in Tallahassee and cut government waste.”

For the past two years, CFO Sink has been a consistent watchdog on behalf of Florida’s taxpayers, instituting cost saving measures in the Department of Financial Services such as consolidating call centers and cutting down on state-paid cell phones.  The cost savings from contract renegotiation stemmed from legislation passed during January’s special session (CS/SB 44A) that directs all agencies to review existing and proposed contracts. 

“I hope that other state agencies can be just as successful at finding savings for Florida’s taxpayers, given what we were able to save in my smaller Department of Financial Services in such a short amount of time,” CFO Sink continued. “My number one priority here in Tallahassee is to make sure our taxpayer dollars are being used wisely, and I know my work is never done.”

Savings were generated by Department of Financial Services’ employees working with individual vendors to lower contract costs.  The Department of Financial Services has other renegotiations currently pending that can result in further savings. 

CFO Sink recently unveiled a new website, www.GetLeanFlorida.com, which allows citizens to offer tips on how to cut government waste and inefficiencies.  Get Lean has already received almost 200 citizen suggestions about how state government can rein in wasteful spending and has passed these tips along to the agencies for action.