(Reuters) - With one dissenting vote, lawmakers approved a mandatory
rollback of current property tax rates and tied future local
revenue growth to increases in personal income. That is
expected to cut tax collections by $15 billion over the next
five years.
In January, Florida voters will go to the polls to decide
if they want to modify the state's tax structure by allowing
homeowners to discard a 3 percent tax cap on property tax
increases in return for higher homestead exemptions.
Read more at Reuters.com Bonds News
rollback of current property tax rates and tied future local
revenue growth to increases in personal income. That is
expected to cut tax collections by $15 billion over the next
five years.
In January, Florida voters will go to the polls to decide
if they want to modify the state's tax structure by allowing
homeowners to discard a 3 percent tax cap on property tax
increases in return for higher homestead exemptions.
Read more at Reuters.com Bonds News
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