The Flagler County Board of County Commissioners held a workshop and special meeting on November 20, 2023, focusing on the county's financial health and future population growth. The meeting highlighted key financial ratios indicating a strong cash solvency position, with all ratios exceeding standard benchmarks. This suggests that the county is currently in a robust financial state as it prepares for future challenges.

A significant topic of discussion was the projected population growth in Flagler County. Estimates from the Bureau of Economic Business and Research and the Office of Economic and Demographic Research indicate an increase of 48,000 to 165,000 residents by February 2030. This growth, averaging 2% to 2.5% annually, translates to an influx of 3,000 to 5,000 new residents each year, necessitating adjustments in service provision, particularly for aging populations.

The meeting also addressed the county's financial projections, revealing a 7% annual increase in general fund property taxes over recent years, driven by rising taxable values. However, these increases are not expected to be sustainable in the future. The county's millage rate has decreased to its lowest point in a decade, currently at 8.3343, which may impact future revenue.

Commissioners noted that while the budget has grown by an average of 11% annually, the number of full-time employees has only increased slightly, indicating efficient management of resources. However, projections suggest that taxable value growth will slow significantly, potentially leading to a budgetary gap within two years if current trends continue. This could force the county to make difficult decisions regarding revenue and budget allocations moving forward.

Overall, the meeting underscored the importance of strategic planning to accommodate population growth and maintain financial stability in Flagler County.