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CFO Sink Highlights Statewide Effort to Bring More Money to Florida Families

6/18/2009

FOR IMMEDIATE RELEASE: June 18, 2009
CONTACT: Kyra Jennings or Kevin Cate (850) 413-2842
 
CFO SINK HIGHLIGHTS STATEWIDE EFFORT TO BRING MORE MONEY TO FLORIDA FAMILIES
~ Florida Prosperity Partnership Creates Coalition to Help Floridians in Tough Economic Times ~
 
ORLANDO -- Florida CFO Alex Sink today highlighted a statewide initiative to bring financial help and education to the state’s most vulnerable families at the Florida Prosperity Partnership’s inaugural conference in Orlando.  The Florida Prosperity Partnership, a coalition of community and financial organizations chaired by CFO Sink, was formed last year in order to have a collaborative effort across the state dedicated to helping Floridians struggling in tough economic times.
 
“This morning, too many Floridians woke up worried about getting their next paycheck or making their next mortgage payment,” said CFO Sink.  “Fortunately, community organizations around Florida have come together in a collaborative effort to provide financial help and tools for struggling families, and I’m honored to be a part of this statewide coalition.”
 
CFO Sink held a press conference with Florida Prosperity Partnership Board Members including United Way of Florida President Ted Granger, and was the keynote speaker at the Partnership’s First Annual Conference.   CFO Sink noted that the organizations now joined together in the coalition have been able to get nearly $500 million in tax refunds for Florida’s working families, including $100 million in Earned Income Tax Credit refunds. 
 
“Working individually these organizations have already provided significant help for Florida‘s families and brought dollars directly into our state‘s economy,” CFO Sink continued.  “Given what they are able to accomplish for Floridians separately, it is exciting to think about the resources and solutions the coordinated effort of the Florida Prosperity Partnership will bring for families who need it most.’
 
The Florida Prosperity Partnership was established in the fall of 2008, evolving from a number of parallel and earlier efforts to create a statewide coalition dedicated to building financial assets for low-to-moderate income residents in the state of Florida.  Policy initiatives the coalition is focused on include: predatory and payday lending, financial education standards, tax help and preparation , and asset limits on support programs.  The coalition is formed by groups such as United Way of Florida, the Florida Financial Literacy Council, the Federal Reserve Bank, the IRS, and various county Health and Social Services and Children’s Services Councils.
 
CFO Sink has focused on helping Floridians manage their money in challenging economic times in her own Department of Financial Services through a focus on financial literacy.  CFO Sink formed the Florida Financial Literacy Council, a group of businesspeople and community leaders, and has developed tools to help Florida’s families through her Consumer Services Division.  For more information and money management tips, visit www.MyFloridaCFO.com.