Three credit agencies warn Florida property tax amendment would strain city and county budgets
Moody’s, Fitch, and S&P Global Ratings have each released analyses concluding that a proposed Florida constitutional amendment on the November ballot would significantly reduce revenue for local governments. The amendment, if passed with 60 percent voter approval, would raise the homestead exemption to $250,000 over two years and establish a path toward full exemption. The Florida Association of Counties notes the agencies warned the change could jeopardize essential services and shift the tax burden onto commercial and non-homestead property owners.
Sources: WCJB TV20
