My Florida C F O

Dear Fellow Floridians:

Infrastructure matters. It’s a term that can mean many things to different people, but at its core, the term represents the framework on which we build our cities, our neighborhoods, and our daily lives. Bridges and roadways most commonly come to mind, but infrastructure encompasses much more than transportation needs. It’s having an appropriately-sized power grid to manage the needs of the people, it’s access to clean water, and it’s having grocery stores full of fresh foods nearby so that we can feed our families.

As Florida continues to grow, so will the need for updating and expanding our infrastructure. With more than 20 million residents and in excess of two million businesses, we will need new ideas, new investments, and new technology to bridge the gap between today and tomorrow. I’m proud to say that Florida is succeeding at putting these critical systems in place for the future. Florida's Bottom Line Summer 2016 Infographic

Each quarter, I publish an economic magazine called Florida’s Bottom Line that examines the impact of current topics like international trade, decreasing unemployment rates, and changes in the housing market. This quarter, we’re focusing on how Florida can build for the future. Not only do our in-house economists analyze the issue, but we also gather the experts in the field, who evaluate the issue in their own words and from their unique perspectives.

In this edition, Florida Transportation Builders’ Association President Bob Burleson outlines where we are now and where we’ll need to be with our transportation systems, and Florida Ports Council President Doug Wheeler who explains how Florida’s ports can bolster the transfer of goods across our waterways.

Space Florida President Frank DiBello illuminates the future of Florida’s space frontier, and Federal Reserve Bank Vice President Chris Oakley reminds us that we would be remiss to forget evolving financial systems in our plans for the future. On the topic of financial systems, Florida PALM Project Director Melissa Turner lays out how the State of Florida is working to build a new accounting system that can better meet the payment needs of our multi-billion-dollar budget.

Former Speaker of the Florida House Steve Crisafulli describes that we must look no further than our fellow states to see how a lack of fresh water can stop economic growth in its tracks, and the Vice Chair of the Florida Council on Public Private Partnerships Randall Reid explains how the private market can—and already does—work in partnership with local, state, and the federal government to achieve these shared goals in a cost effective manner.

As can you see, growth is good but it must come with great thought. I invite you to read this latest edition to better understand the impact that infrastructure has—and will continue to have—on Florida’s economy. I’m proud of what our state has done to foster this vital framework, and how we are working to prepare for a bigger, better, brighter tomorrow.

Click here to read the latest (and past) editions.


Jeff Atwater
Chief Financial Officer
State of Florida

Operation S.A.F.E., Be Scam Smart Workshops

Operation S.A.F.E.Florida Chief Financial Officer Jeff Atwater invites you to participate in Operation S.A.F.E., Be Scam Smart, a free workshop for seniors, their families, and caregivers.

The Florida Department of Financial Services launched Operation S.A.F.E. (Stop Adult Financial Exploitation) as part of CFO Atwater’s On Guard for Seniors initiative. Be Scam Smart workshops help inform, empower, and protect Florida’s seniors from financial scams and fraud. If you want to make sure your savings are protected, register for this workshop and get a better understanding of how scam artists and scams work.

Be Scam Smart by learning more about:

  • The Psychology of a Scam
  • How to Spot Fraudulent Behavior
  • Common Scams that Target Seniors
  • How to Fight Identity Theft
  • Resources to Keep You Safe

Find out more about us in the About Us section or Register for an upcoming event, including the following workshops:

  • Wednesday, August 3rd – Weston
    6:00 p.m. – 7:00 p.m.
    Palms at Weston
    16102 Emerald Estates Drive, Weston, FL 33331
    Register | Directions | Flyer

  • Thursday, August 4th – Pembroke Pines
    10:00 a.m. – 11:00 a.m.
    Century Village Pembroke Pines Clubhouse Party Room
    13300 SW 10th Street, Pembroke Pines, FL 33027
    Register | Directions | Flyer

Florida Economic Briefs

Florida’s housing market increases over the year
In June, there were over 27,000 homes sold in Florida, up 0.4 percent from this time last year. Additionally, the median sale price of homes is up 10.8 percent over the year, to a post-recession high of $225,000.
Source: Florida Realtors

Florida’s unemployment rate unchanged in June
Florida’s unemployment rate was 4.7 percent in June, unchanged from May (4.7 percent) and down 0.6 percentage points from June of last year (5.3 percent). The U.S. unemployment rate was 4.9 percent in June.
Source: U.S. Bureau of Labor Statistics