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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (509132)8/31/2009 5:49:47 PM
From: tejek  Read Replies (1) of 1579087
 
After Century of Growth, Tide Turns in Florida

How long do you think it will before McMannis starts to blame Obama?

But as cities like Detroit well know, declines in population also compound downturns and hurt quality of life. Florida, in particular, was not built for emptying. Its government, since a 1924 constitutional amendment banned a state income tax, relies heavily on sales and property taxes, which are more closely linked with population growth.

This is where it gets tricky. FLA is getting less and less people who are paying a full load of property taxes thanks to FLA's prop 13 like law. That means less revenue.
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