Coral Springs, Florida, United States

🇺🇸 Coral Springs, officially the City of Coral Springs, is a city in Broward County, Florida, United States, approximately 20 miles (32 km) north-west of Fort Lauderdale. It is a principal city of the Miami metropolitan area.

The city, officially chartered on July 10, 1963, was master-planned and primarily developed by Coral Ridge Properties, Inc., which was acquired by Westinghouse in 1966. The city's name is derived from the company's name, and was selected after several earlier proposals had been considered and rejected. Despite the name, there are no natural springs in the city; Florida's springs are found in the central and northern portions of the state.

During the 1970s, 1980s, and 1990s the young city grew rapidly, adding over 35,000 residents each decade. Coral Springs has notably strict building codes, which are designed to maintain the city's distinctive aesthetic appeal. The city government's effective fiscal management has maintained high bond ratings, and the city has won accolades for its overall livability, its low crime rate, and its family-friendly orientation.

Economy Of residents aged 16 years and over, 72.6% were in the labor force, 95% were employed and 5% unemployed. 39.5% of the population worked in management, professional, and related occupations; 32.9% in sales and office occupations; 12.8% in service occupations; 7.6% in construction, extraction, and maintenance occupations; 7% in production, transportation, and material moving occupations; and 0.1% in farming, fishing, and forestry occupations. The industries for which Coral Springs inhabitants worked were 17.6% educational, health and social services; 16.1% retail trade; 12.9% professional, scientific, management, administrative, and waste management services; 10.1% finance, insurance, real estate, and rental and leasing; 8.2% arts, entertainment, recreation, accommodation and food services; 7.0% manufacturing; 6.6% construction; 5.0% wholesale trade; 4% transportation, warehousing, and utilities;, 4.9% other services (except public administration); 3.7% information; 3.6% public administration; and 0.2% agriculture, forestry, fishing and hunting, and mining. 85.2% of workers worked in the private sector, 9.6% in government, 5% self-employed in unincorporated businesses, and 0.3% as unpaid family workers. The predominant method of commuting was driving alone in own car, accounting for 81.5% of commuting trips, followed by 11.2% who were carpoolers and 7.4% who used other methods or worked from home.

Credit ratings As of November 2015, Fitch Ratings and Standard & Poor's gave the city's General Obligation bonds a bond credit rating of AAA, while Moody's rates the bonds AA1 after a downgrade in 2014. In its 2015 report, Fitch noted that "financial operations and reserve levels remain sound despite economic pressure that led to reserve draws in prior years".

Property taxes As of 2017, the city's property tax rate of 5.87 mils (0.587% of assessed value per year) was the second lowest of large cities in Broward County. This rate is in addition to taxes due to Broward County, which has one of the highest property tax rates in the United States.

Major employers Fiserv, formerly known as First Data and Alliance Entertainment are the largest companies that have offices in the Corporate Park of Coral Springs. ABB Asea Brown Boveri and Royal Plastics Group have subsidiaries headquartered in the city as well.