Ben Watkins, director of the Division of Finance for the Florida State Board of Administration. Photographer: Ramin Talaie/Bloomberg
Florida has reduced debt that helps finance initiatives such as roads, schools and environmental projects by more than $7 billion over the past eight years, according to a new report from the state Division of Bond Finance.
The debt amount dropped from $28.2 billion in July 2010 to $21 billion through June 30, Ben Watkins, director of the bond finance agency, told Gov. Rick Scott and Cabinet members Tuesday. That represented a 25 percent reduction.
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