First Coast Connect: The 'Fee State' of Florida
After the Legislature hastily approved a ballot initiative to slash property taxes, Florida is just beginning to reckon with the costs. If approved by 60% of the voters in November, the measure would almost instantly slash the budgets of cities and small towns by more than $8 billion, according to a new nonpartisan analysis by the state’s Revenue Estimating Conference. That loss would compound over time, as additional property tax cuts — including for business and out-of-state homeowners — are phased in. Though the Revenue Estimating Conference is supposed to evaluate the…
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