@Cointuckeywind1@KristaHart48842 It only requires the legislature to create a uniform procedure for it to be able to happen but itβs unclear itβs mandatory or not, the bill used really ambiguous language on that part.
@GWKruse For our city, the property values are extraordinarily high so we'll survive the increased exemption no problem with a relatively minor millage bump, but a full phase out literally leaves us with no ability to pay for our services. The bill needed some way to address that.
@GovGoneWild@PolitiFact@GovGoneWild honest question from someone who vehemently opposes property taxes: what's the plan for municipalities that are almost entirely residential? Our city is tiny with zero bloat, almost the entire tax base is ad valorem. We really have no alternative funding sources.
@mercernole2021 It's great for most but uniquely devastating to smaller cities that are almost entirely residential. My city has about 500 residents and one small shopping center. There's not any real bloat to cut and the tax base is almost exclusively residential property.
@JuiceTheGator Thanks! The roads are all private and maintained through the HOA. Very unique place. I'm a huge supporter of property tax elimination but I may be forced to vote against this out of self preservation.
@JuiceTheGator The city is kind of a unique place, it's basically a neighborhood with it's own police force and it contracts out for fire and everything else. City budget is extremely lean. Minimal non-homestead revenues, sales tax, permits, etc.
@sopranoinswfl@RonDeSantis Yes, they specifically exempted school taxes so they're untouchable now. They also killed the governor's plan to have a state fund to support smaller municipalities that have no sources of revenue other than property taxes.
@RonDeSantis And for the record, I'm in full support of property tax elimination - the bigger counties and cities have tons of bloat and waste, but my small city doesn't, the entire budget is about $3M so we can't cut our way out of this.
@RonDeSantis Governor, since the legislature removed the part of your plan to support fiscally constrained municipalities, what's the plan to address tiny cities that are essentially entirely residential and/or agricultural. They really don't have any other potential sources for revenue.
@JasonWeidaFL This is why I was so disappointed when the legislature stripped away the governor's plan for a fund that supported exactly this. Without a diversified tax base, this kills my city. We'll have no choice but to be annexed by a larger municipality which no one wants.
@JasonWeidaFL Approx. 98% of our budget is covered by ad valorem taxes and I'd estimate at least 60-65% of that is from homesteaded properties. Increasing the millage on non-homestead and the tiny about of commercial cannot cover the shortfall.