Florida Lawmakers Set to Vote on Amended Property Tax Proposal After Committee Changes
Lawmakers amended the measure to preserve school tax revenue after warnings it could cut local budgets by billions of dollars.
- On Tuesday, the Florida Legislature voted to place Governor Ron DeSantis' property tax proposal on the November ballot after adopting amendments to shield public school funding from the proposed homestead exemption changes.
- DeSantis' signature initiative aims to increase the current $50,000 homestead exemption to $150,000 in 2027 and $250,000 in 2028, providing tax relief for homeowners amid rising property costs.
- Lawmakers adopted amendments Monday to exclude school district levies from exemptions after analysis indicated the original plan would cost school districts an estimated $5 billion in annual revenue.
- Despite the school funding carve-out, the Florida Association of Counties warns the measure could 'bankrupt' local governments by stripping billions in revenue needed for public safety and essential services.
- The constitutional amendment heads to voters in November, requiring 60% approval for the changes to take effect on January 1, 2027.
18 Articles
18 Articles
Editorial: Florida’s proposed tax cut spares schools, but leaves voters to do the math
We can at least say that the property-tax cuts the Florida Legislature approved on Tuesday are an improvement from Gov. Ron DeSantis’ initial proposal from less than a week ago. The legislation exempts public education from massive funding cuts that…
Florida Legislature changes the math on property tax plan to protect schools from DeSantis’ proposal
Florida Republicans altered the plan to exempt from reduction or potential elimination the property taxes used to help fund public schools. The post Florida Legislature changes the math on property tax plan to protect schools from DeSantis’ proposal appeared first on Orlando Weekly.
Jacksonville-area leaders voice concerns as Florida Legislature passes property tax cut proposal
From Democratic Mayor Donna Deegan to Republican controlled Clay County, leaders across the Jacksonville area are voicing concerns about local budget reductions that could result from a major property tax cut plan devised by Gov. Ron DeSantis.
Fla. Legislature sends property tax overhaul to voters after adding protections for schools
Florida lawmakers today are taking up a modified version of Gov. Ron DeSantis' plam to enact a massive property tax cut that would radically overhaul how local governments raise and spend money.
Florida Legislature poised to vote on DeSantis property tax overhaul
Florida lawmakers today are taking up a modified version of Gov. Ron DeSantis' plam to enact a massive property tax cut that would radically overhaul how local governments raise and spend money.
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