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Florida's population growth slows dramatically, threatening tax cut plans

Florida's government is relying on continued population growth to offset a proposed property tax cut, but recent data indicates a significant slowdown. The state's annual growth rate has dropped to 0.9% in 2025, a sharp decrease from its peak of 2.5% in 2022. This deceleration is primarily due to a dramatic reduction in domestic migration, with only 22,000 net new residents in 2025 compared to an average of 208,000 from 2020-2022. Additionally, deaths now outnumber births in Florida, further impacting population dynamics. AI

RANK_REASON Analysis of demographic trends and their political implications regarding a proposed tax cut.

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Florida's population growth slows dramatically, threatening tax cut plans

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Matt Brooks, Karin Brewster, The Conversation ·

    Florida’s big tax cut plan assumes a level of migration that has already collapsed 90%

    Net domestic migration into Florida fell from 208,000 people a year during the pandemic to just 22,000 in 2025.