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Florida debt rises slightly after 4 years of decline

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Florida’s amount of debt is rising after dropping four straight years. That’s according to an annual report presented Tuesday to Gov. Rick Scott and members of the Cabinet. The new report shows that Florida’s overall debt stood at $25.7 billion at the end of June. That’s an increase of $1.5 billion over the previous fiscal year. The increase was primarily because of money borrowed to cover the expansion of Interstate 4 in Central Florida. Scott pointed out during the presentation…

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