My Florida C F O

Dear Fellow Floridians:

As the month of February comes to a close, I would like to highlight the importance of Florida Saves Week. Established by a resolution of the Florida Cabinet, Florida Saves Week serves as a reminder to people across our state to be mindful of their financial decisions to secure a safe and strong financial future.

We should all watch how we spend and save where we can to avoid accumulating too much debt. By paying close attention to current and future needs as well as the importance of credit, we can establish a blueprint to prepare for planned and unplanned life events. We at the Department of Your Money Matter$Financial Services have created useful resources for Floridians in all life stages.

Here are just a few financial questions that the Your Money Matter$ website can help answer:

  • How much can I afford to pay in rent or on a mortgage?
  • How much can I afford to spend on a car payment each month?
  • What is my credit score and what does it mean?
  • What should I finance? What should I save for?

On Guard for SeniorsAfter working for decades and wanting to retire, an entirely new set of financial questions may arise. On Guard for Seniors is a section of our website along with Your Money Matters that is dedicated to managing finances in retirement. It includes information about the following:

  • Annuities: Are they right for me?
  • Reverse Mortgages: What should I know?
  • Long Term Care: How does it work, and how much does it cost?

Financial FrontlinesThousands of active-duty and retired servicemen and women choose to call Florida home. Serving in the military presents unique challenges and opportunities specific to finances. Just look for the Financial Frontlines section on our website for information on answering questions like these:

  • How do I protect my assets while I’m deployed?
  • What are the protections of the Civil Relief Act?
  • Can I start preparing my post-service finances now?

Again, I encourage you to visit our website and take advantage of the many tools we have available to help you feel confident about your financial future.


Jeff Atwater
Chief Financial Officer
State of Florida

Black History MonthFebruary is Black History Month

Eartha M. M. White Eartha M. M. White

Eartha Mary Magdalene White was born in 1876 in Jacksonville, Florida. Admired for her many contributions to the community, White's career as a teacher was only a part of her legacy. As an entrepreneur White had various business endeavors such as owning a taxi company, steam laundry and dry goods store. Her experience allowed her to become a licensed real estate broker and she was the first woman employed by Jacksonville's Afro-American Life Insurance Company. Friends called her an “Angel of Mercy” as she was dedicated to humanitarian efforts like helping inmates, establishing an orphanage for African American children, the Boys’ Improvement Club, and the Clara White Mission for the Indigent.

Florida's Bottom LineFlorida's Bottom Line - Florida Financial Updates

As the inside track on Florida’s financial health, Florida's Bottom Line is an in-depth quarterly financial newsletter providing the latest news and analysis on Florida’s economic and financial health.

The newest edition of Florida’s Bottom Line is focused on the opportunities that lie ahead in this year as well as highlights of the progress that we have made in the past year. Inside, you will find an economic forecast and expert analysis on Florida from a leading economist, insightful outlooks on key emerging trends as well as a look back on Florida’s economic achievements in 2015.

The accompanying Florida's Bottom Line website will keep you updated with the latest statistics on Florida's jobs and economy. Special reports, infographics and past editions are archived on the website for easy access.

The Florida Rundown on the Florida Retirement System Pension PlanPublic Pension of the Year 2015

State employees in Florida can enroll in the Florida Retirement System (FRS)—one of the largest public systems in the nation. The State Board of Administration of Florida (SBA) is an agency of Florida state government that provides a variety of investment and trust services to various governmental entities. A key responsibility of the SBA is to manage the assets of the Florida Retirement System Pension Plan. The plan provides retirement benefits for over 900,000 current and former public employees, with approximately $2 of every $3 paid from investment earnings.

The Florida Rundown highlights accomplishments of the 14 divisions of the CFO's Department of Financial Services for 2015.

Florida Economic Brief

Small business optimism fell in January
Small business optimism fell last month according to a survey by the National Federation of Independent Business. Of the ten components that make up the index, six of them decreased over the month, three increased, and one remained unchanged.
Source: National Federation of Independent Business