Leesburg, Florida is the third fastest growing city in the United States. In fact, the city has increased in population by 18% in the past year. The city manager claims that 99% of that increase is due to The Villages, a nearby retirement community that is infamous for its frat house style elderly shenanigans. The houses in The Villages aren’t cheap- the average home in the area is selling for well over $400k.
Since Leesburg is located about an hour north of Orlando in Lake County, which is the county that wraps around the west and northwest side of the Orlando metro area, these new homeowners are paying school district property taxes, but the Lake county school district doesn’t have to provide any services. This is a huge cash cow for the county’s schools, with each home bringing in about $300 a year in school taxes. This means that the new construction is adding about $4.2 million in new tax revenue annually, and it’s being compounded each year as new homes are being built.
Other towns in Lake county are experiencing similar growth- Clermont, which is located about 20 miles south of Leesburg, has doubled in population in the past decade.
That’s why I was surprised to see that the Lake County School district is crying poor, claiming that they have a $35 million deficit, which they are attributing to a loss of 1,500 students. They said it’s partially because of the drop in birth rates in Lake County and the rise in private school vouchers. The county is claiming that they are losing $50 million a year to private schools. I say bullshit.
The county school board has an annual budget of nearly $730 million with a total enrollment of 48,500 students. If they are losing $50 million to vouchers, that represents 6,250 students, which is about 13% of total enrollment.
No, this deficit is due to mismanagement and waste, like most government money. For $15,000 a year per student, the taxpayers of Lake county should demand better. Our entire government, from the dog catcher to the President, is an exercise in poor management.