Bonus question: Where is the sunset clause?
This proposal would fundamentally restructure local government finance in the third-largest state in America.
So where is the mandatory five-year review?
Measure homeowner savings, renter impacts, debt stress, infrastructure quality, public safety, and unintended consequences.
Big reforms need an exit ramp if the theory fails.
10. Does this proposal reduce the cost of government or simply change the collection mechanism?
Nothing in the proposal prevents governments from relying more heavily on utility fees, stormwater charges, mobility fees, special assessments, franchise fees, or special districts.
If the total cost to taxpayers remains roughly the same, this is not necessarily smaller government. It is simply a different billing system.
🧵Ten questions Florida should answer before detonating the property tax system:
1. If this is real tax reform, what replaces it?
Florida built local government around property taxes because Florida has no state income tax.
You can dislike the system, but you cannot remove the load-bearing wall without explaining what keeps the roof from collapsing afterward.
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At the #FloridaHousingSummit, @KAErdmann starts the morning by reassessing the 2000s housing crash and warning against obstructing the single-family rental and build-to-rent markets, which some proposed anti-investor bills could do.
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