Personal bankruptcies, high unemployment and a ravaged real estate
market have pushed at least 500,000 people out of Florida, and the
population is actually expected to shrink. Demographers expect to lose
60,000 residents, the first time that’s happened since World War II. A
study by the Pew Center on the States identified Florida as one of the
states at risk of fiscal calamity and cited its reliance on population
growth as contributing to its economic woes. William Frey, a
demographer with The Brookings Institution in Washington, said
Florida’s growth moving forward will likely be slower than in the past.
He said the slowdown could give leaders — and residents — the
opportunity to rethink the state’s economic diversity and tax
structure, preserve more of its environment, change its patterns of
development, improve its schools and enhance the quality of life. [Orlando Sentinel]
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