Florida’s proposed property tax cuts rely on a population boom that has slowed dramatically

Florida's population continues to grow, but the current growth rate may not be enough to support the state budget if the proposed amendment to property taxes passes. Robert Daly/OJO Images via Getty Images

From 2020 to 2024, Florida’s population grew by 8.5%, from 21.6 million to 23.4 million.

This is nothing new: The state’s warm weather, amenities that include world-class golf courses and beaches, and lack of income tax have long attracted newcomers, so Florida often leads the U.S. in population growth.