We reviewed the financial ledgers of six regional governments ? Pinellas, Pasco and Hillsborough counties, and the cities of St. Petersburg, Clearwater and Tampa ? the main governments of Florida's bellwether region. The numbers paint a sobering picture. They show that from 2000 to 2007, the years of the real estate boom, local governments went on a shopping spree.
With the exception of Pasco, records show these governments used up tax dollars at rates that far outpaced growth and inflation combined. Pasco largely tracked both measures as its commission aggressively rolled back tax rates to offset swelling property values.
Hillsborough, whose commissioners regularly crow about their fiscal conservatism, grew at twice the rate of population and inflation. Year after year, they increased spending by double-digit percentages.
Leaders of the governments that spent the most will tell you they have simply responded to their residents' wants and needs. There's some truth to this.
For years, low taxes that lured retirees from other states also resulted in massive backlogs in road building and other infrastructure. Local governments were doing some catching up as Florida's real estate market caught fire.
Pinellas and Hillsborough both have a sales tax, shared with its cities, that voters approved years ago to build things like new parks, libraries, jails, fire stations and roads.
In Hillsborough, commissioners have committed much of the sales taxes they will collect through 2026 toward debt payments to build stuff now. The result has been a government building bonanza.