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Rick Scott: State debt reduced by more than $10B

State debt has been paid down by more than $10 billion since December 2010, Gov. Rick Scott announced Monday.

His office said that’s the largest reduction of state debt during one administration in Florida’s history.

“In Florida, we’ve shown that you can have a balanced budget, reduce debt and create jobs all while cutting taxes,” Scott said in a statement.

The term-limited Republican from Naples now is running to replace Democrat Bill Nelson as Florida’s other U.S. senator besides Republican Marco Rubio.

“Since 2011, our unemployment has dropped by more than 7 percent, and we’ve created more than 1.5 million jobs,” Scott said. “This incredible turnaround is proof that when you cut taxes and invest in what’s important to families and businesses, everyone succeeds.

“I’m proud of the accomplishments we’ve made over the past seven and a half years and all the work we’ve done to make sure that every Florida family has the opportunity to live the ‘American Dream’ in the Sunshine State.”

In June, Scott announced that Moody’s Investors Service upgraded Florida’s General Obligation (GO) bond rating to Aaa, and for the first time in the history of Florida, all three rating agencies now have Florida’s GO bond rating at AAA.

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