Florida Tax Plan Impact

Florida voters will decide whether to approve Amendment 3, which would expand homestead property-tax exemptions, lower the assessment-increase cap for non-homestead properties and restrict how local governments spend property-tax revenue. The measure needs 60% support and, according to the Tax Foundation, could reduce local government revenue by $4.9 billion in its first year and $8.7 billion in its second. Supporters including Gov. Ron DeSantis say it would provide tax relief, while opponents warn it could undermine local services and shift costs to other taxpayers.

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