CFO Blaise Ingoglia announces state treasury generates record-breaking $2.5 billion in earnings

Press release from Chief Financial Officer Blaise Ingoglia

TALLAHASSEE, Fla. – Chief Financial Officer (CFO) Blaise Ingoglia today announced that the Florida Department of Financial Services’ Division of Treasury generated a record-breaking $2.5 billion in interest earnings during Fiscal Year 2024-2025. As part of the Department of Financial Services, the Division of Treasury’s primary goal is to manage the state’s funds and other assets. 

Chief Financial Officer Blaise Ingoglia said, “As your Chief Financial Officer, I’m proud to announce that our state treasury has generated record-setting earnings on the money entrusted to us. This didn’t happen by chance. Our treasury team is laser-focused on making Floridians’ dollars work harder, stretch further, and deliver more for the people. When government operates with the discipline and the principles of the private sector and free markets, it creates value instead of eroding it. Every dollar we earn is a dollar taxpayers don’t have to pay.”  

This $2.5 billion exceeds the amount that was initially estimated by the State. These additional funds will support Florida’s future by funding roads, schools, hospitals, and other critical projects to continue to make Florida the best place to live, work, and retire.  

Under the leadership of CFO Blaise Ingoglia, the Department of Financial Services’ Division of Treasury safeguards cash and assets entrusted to the State, ensuring they are accurately accounted for, prudently invested, and securely protected. By utilizing a balanced approach of short-, intermediate-, and long-term fixed-income investments, the Treasury maintains strong liquidity, preserves capital, and delivers excess returns. This disciplined strategy proves that responsible, well-managed government can provide measurable, lasting value for every Floridian.