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A Case Study for Williamson County, TN

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1 A Case Study for Williamson County, TN
Population Growth & Economic Dynamic

2 Williamson County Growth Statistics
Growth Rate Last 15 Years Number of People Moving to Williamson County 1992 Household growth of 754 Williamson County exceeded a 65% growth rate State of Tennessee grew overall 16% Growth Rate of School-Age Children 2016 Household growth of 2,028 More than all other counties, Williamson County continues to attract people who are looking for both economic opportunities and quality of life. State of Tennessee saw an overall growth of 20% Williamson County grew by 139%

3 Williamson County Revenues
430% Reached $664.3 million (in 2009 dollars) in 2015 from 1992 An increase of about 290% from 1992 Tax Revenues In 2015, tax revenues collected totaled $320.4 million Total Revenue Growth was significantly higher than population growth Property Taxes 39% from 2010 In $210.3 million. No other county in this study increased over 15%.

4 Total County Government Revenues vs. Population Index vs. Expenditures
Index Value: 1992 = 100 Source: Woods and Poole, Census Bureau Local Government Finances, BERC

5 Has Growth Been Good For Williamson County?
REVENUES GREW 430% EXPENDITURES GREW 426% POPULATION GREW 140% From 1992 to This study’s simulation of 1,196 new households suggests these new households: Contribute about $20 million* in taxes and fees to state and local government. Cost the county government about $10.6 million* on average. Contribute $34 million* to the federal government. *based on 2009 dollars

6 $1,537 Educational Dynamics 57% Williamson County
Top 3 Average ACT Scores in Tennessee for 2016 Population Over 25 with Bachelor’s Degree or Above 38% Davidson County (next highest) 57% Williamson County Knox County Weakley County Williamson County Graduating College-Ready High School Students $1,537 24% 45% Per capita 2015 educational expenditures. The highest of the largest Tennessee counties studied. Williamson County Knox County (next highest)

7 Williamson County Economic Growth
Employment increased 46% from 2007 to 2017. Per capita income has grown 94% in the past 25 years, making the County the 7th wealthiest in the nation. Has brought more parks, riverwalks, greenways, better roads and community services. A stronger presence of several sectors, including management of companies, in this region than in the nation. The county has invested in human capital and created one of the best educational systems in the state. Homeownership rate is roughly 17 percentage points higher than state’s.

8 Selected Years and Forecast (1992-2027)
Population Snapshot Population Growth Selected Years and Forecast ( ) Counties 2017 Growth Growth Growth 2027 DAVIDSON 690,498 31.48% 20.25% 9.55% 756,470 HAMILTON 359,447 23.55% 15.25% 5.21% 378,165 KNOX 460,674 31.68% 18.29% 11.04% 511,548 MADISON 98,080 20.74% 4.90% 4.63% 102,621 MONTGOMERY 199,613 84.90% 44.54% 22.01% 243,551 RUTHERFORD 314,869 142.57% 60.22% 24.00% 390,431 SHELBY 938,219 10.85% 3.94% 4.21% 977,730 WASHINGTON 128,646 34.91% 17.46% 10.50% 142,158 WEAKLEY 33,543 3.93% -2.61% 1.34% 33,994 WILLIAMSON 226,437 156.58% 65.34% 39.34% 315,525 WILSON 136,172 91.56% 46.37% 29.03% 175,703 Tennessee 6,714,624 32.97% 15.85% 10.66% 7,430,521 United States 325,888,129 27.04% 13.30% 9.68% 357,430,460

9 Foster Conversations Around:
Attainable Housing School Growth Transit Solutions Diversity & Inclusion Connectivity Mobility


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