It is a fact that if something doesn’t grow or change it is dead. However, when it comes to State and County growth it can often be a two-edged sword. Hillsborough County has been experiencing significant growth over the past few years and it isn’t expected to slow down anytime soon.
Florida Attracting More Income and Residents
In a recent article by Fox Business, it was reported that many Americans are fleeing high tax states for more favorable business and personal income tax situations. The number one state benefiting from such movers is of course Florida. Furthermore, Florida attracted a net influx of about $17.7 billion in adjusted gross income (AGI). mostly (72%) coming from those aged 55 and older.
But to put these numbers into perspective, you need to realize that the remaining 19 other top states receiving new residents COMBINED adjusted gross income of $19.4 billion is dwarfed in comparison. Florida is simply attracting far more people and considerably more income and revenue compared to other states.
Hillsborough County Most Popular
Movers to Florida bring a vast amount of cash, tax revenue and additional business activity that has benefited the State and many of its counties. In fact, it was recently reported from the Florida Department of Economic Opportunity that of the top three counties in the state, Hillsborough County continues to be the number one county attracting new out of state residents.
- The Tampa area appears to be a popular destination for out-of-state movers to Florida. The largest city in Hillsborough County has received more movers than any other Florida county in 2017.
- 38,359 people relocated from other states and another 14,393 individuals came from abroad.
- 4% of residents in Hillsborough County either moved from a different state or country during that timeframe.
- People who relocated to Hillsborough County over the course of 2012 through 2016 came from many high-tax states which include California, Illinois, New Jersey, and New York.
Other Popular Florida Counties
The second and third counties attracting the most out of state residents were Palm Beach and then Orange Counties. Though they were close to the numbers being posted by Hillsborough County in most areas, they were both beaten handily by around 2,000 new residents each during the period studied.
Florida State Is Also Doing Extremely Well
There are many statistics being reported from 2018 showing that Florida is also doing extremely well economically. Among those statistics are the 1,648,300 private sector businesses added since 2010, a stellar unemployment rate and a 27% job growth rate which is 10% higher than the national numbers.
But at the end of the day, Floridians want to know that their state and local governments are using these good times for growth and boom to fund needed improvements that will maintain the quality of life that residents want and ensure the future will be better.
Challenges To Being Popular
It’s nice to be loved for sure, but along with popularity also comes substantial challenges. As urban sprawl is combined with huge population growth and thousands of new housing developments being approved and started, many Hillsborough County residents are asking some serious questions.
Where is the planning for handling all of this growth?
How does the county and state plan to handle an influx of such huge numbers without seeing a drastic decline in quality of life pushed by overwhelmed schools, highways, and other inadequate infrastructure?
There are serious concerns of Hillsborough County residents about how the county government is dealing with both the boom financially and the lack of planning. Where is all the money going that is being infused into the county from all of this enhanced economic activity and why are they still approving massive new housing developments that will turn out thousands of more commuters onto already overtaxed roadway infrastructures.
Hillsborough County loves winning at a lot of things in Florida, and we love where we live and the lifestyle that it affords us. But we also want to be sure that being popular is for a good reason and that results in positive benefits for all concerned. So far the popularity that we have enjoyed doesn’t appear to be resulting in better roads, schools, and infrastructure for all of our citizens and communities. It’s seemingly benefiting a handful of developers and a certain few county officials more than anyone else.
What are your thoughts on this topic?