Florida Governor Ron DeSantis announced Wednesday the early paydown of $400 million of the state’s debt through the Debt Reduction Program, which the Governor championed through the Framework for Freedom Budget.
The program serves to reduce state debt by accelerating the payoff of bonds before maturity, avoiding subsequent interest costs. The early payoff announced today will save Florida taxpayers nearly $34 million.
“While Washington has governed irresponsibly and ballooned the national debt, the Free State of Florida is providing a blueprint for fiscal responsibility,” said Governor Ron DeSantis. “We put Floridians front and center in every decision we make and are proud to continue saving them money through smart fiscal policy.”
