Economy
Cash-Flush Florida Seeks to Retire $1.7 Billion of State Debt
- Governor’s proposal marks start of state budget negotiations
- DeSantis has prioritized paying down state tax-backed debt
Ron DeSantis
Photographer: Christian Monterrosa/BloombergMunicipal bonds sold by the state of Florida are poised to become much scarcer.
That’s because Governor Ron DeSantis plans to pay down $1.7 billion of tax-supported debt as part of his budget proposal for the fiscal year that begins in July. The spending plan — dubbed the “Focus on Fiscal Responsibility Budget” — builds on his existing debt-reduction program.