Municipal bonds sold by the state of Florida are poised to become much scarcer.
That’s because Governor Ron DeSantis plans to pay down $1.7 billion of tax-supported debt as part of his budget proposal for the fiscal year that begins in July. The spending plan — dubbed the “Focus on Fiscal Responsibility Budget” — builds on his existing debt-reduction program.
Florida has been paring its liabilities for years and DeSantis has made it a pr