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Florida’s pension system gets high marks from credit rating agency | Florida

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www.thecentersquare.com – By Steve Wilson | The Center Square – 2024-12-03 11:57:00

SUMMARY: A Fitch Ratings report ranks Florida fourth nationally for its defined benefit pension system’s liabilities. In fiscal 2023, Florida had the third-lowest adjusted net pension liability to personal income ratio at 0.6% and the 12th-lowest debt to personal income at 0.8%. The state holds $12.18 billion in debt, with $6.4 billion in net pension liability. Under Governor Ron DeSantis, Florida has reduced its debt by 36% and maintains $17 billion in reserves. While Florida ranks favorably compared to states like Connecticut, overall pension assets to liabilities fell nationally, though many states improved contributions. 

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Schools cancel classes across the Southern US as another burst of winter storms move in

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www.clickorlando.com – Jamie Stengle And Sean Murphy, Associated Press – 2025-01-09 00:10:00

SUMMARY: On Thursday, schools and buildings across the Southern U.S., from Texas to Georgia, closed in anticipation of freezing rain and snow, affecting over 1 million Texas students. Dangerous conditions were feared, with forecasts indicating up to 8 inches of snow in parts of Georgia and the Carolinas. Meanwhile, unusual January wildfires raged in Los Angeles, prompting evacuations. Virginia’s capital remains under a boil-water advisory, and weather-related travel dangers have led to numerous flight cancellations and accidents. Farmers in Kansas face significant challenges due to heavy snowfall. Emergency crews have been deployed to address severe weather-related issues as residents prepare for hazardous conditions.

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Special session on condo relief still needs consensus as costs continue to rise

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www.abcactionnews.com – Forrest Saunders – 2025-01-08 17:40:00

SUMMARY: Florida lawmakers face growing pressure to tackle rising costs for condo owners, with a special legislative session potentially on the horizon. The state House, Senate, and governor remain divided on necessary reforms, with concerns that the regular session starting March 4 may be too late. Condo owners report increased fees and struggles to sell properties, with insurance rates and post-Surfside regulations driving costs up significantly. Governor Ron DeSantis emphasizes the urgency of addressing the issue but acknowledges a lack of consensus among lawmakers. Calls for reforms include establishing uniform standards for repair assessments to prevent inflated costs.

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FDOT focusing on high traffic areas for major Tampa projects

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www.youtube.com – ABC Action News – 2025-01-08 14:00:32

SUMMARY: This morning, ABC Action News discussed key FDOT construction projects in Tampa Bay that will impact traffic in 2025. Notable projects include the Downtown Tampa Interchange, which aims to improve I-275 and I-4 interchange traffic, expected to complete by 2027; the new Howard Franklin Bridge, set for completion in 2026 with enhanced lane capacity; I-275 capacity upgrades from three to four lanes, nearing completion; and the Westshore Interchange Project, FDOT’s largest endeavor at $1 billion, set to begin in spring 2024 and finish by 2031-2032. These projects are designed to improve traffic flow and safety in the region.

FDOT said it is working on four major areas of high traffic as it begins work on projects for 2025.

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