Jimmy Patronis proposes state-managed ‘Sunshine Freedom Bank’ to keep funds, benefits in-state
CFO Jimmy Patronis proposed creating the “Sunshine Freedom Bank,” a state-managed financial institution aimed at reducing reliance on out-of-state banks and keeping financial management and benefits within Florida.
Florida Chief Financial Officer (CFO) Jimmy Patronis proposed on Monday the creation of the ‘Sunshine Freedom Bank,’ a state-managed financial institution designed to manage the state’s funds internally.
According to Patronis’ office, the proposal seeks to reduce Florida’s reliance on out-of-state banks and potentially increase the state’s financial returns by keeping all fund management within Florida. Currently, the Florida Treasury, overseen by Patronis, handles approximately $...
