This election cycle, many amendments are being voted on. Some of them are controversial, of course, but there is one that’s easy to support – Amendment 2. What does it do? It preserves the decade-old 10 percent cap on annual increases of non-homestead property taxes. If it doesn’t pass, Floridians are looking at a $700+ million tax increase that will translate into increased costs on goods and services, higher rents and general economic uncertainty within their communities. It’s simply a preservation of the current cap, not a new tax cut – so municipalities will not lose funding.
If you’d like to learn even more, check out the video below.