Florida Top State in Attracting the 65-Plus Crowd
The largest demographic shift in history is just beginning. But expected residential growth must be balanced with commerecial and industrial growth.
September 19, 2007 – Palm Coast,
Thomas, Warren & Associates recently reported the results of a study commissioned by the National Active Retirement Association. Their study shows that in 2005,
Further, Thomas, Warren & Associates studied the individual states of
Not to be overlooked is the impact the incoming boomers will have on the workforce. They will often be highly skilled but willing to work for wages below the income level of their pre-relocation years. They will also be more amenable to flexible schedule.
The studies point only to the differences in the net economic benefit of two age segments. They do not, however, point out that if a taxing district becomes overly dependent on a residential property tax base, regardless of the age of the property owner, the long term result will be skyrocketing property taxes and diminished government services. A healthy balance between residential, commercial, and industrial property must always be sought. Commercial and industrial properties contribute more tax dollars for every dollar of government services they require than do residential properties. They also provide jobs.
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