Florida Cities Are Bracing for Amendment 3. Are They Looking Everywhere for the Money?
Across Florida, municipalities are preparing for the potential impact of Amendment 3. One Central Florida city of roughly 50,000 residents recently warned vendors that, if the property-tax amendment passes, it estimates losing approximately $2.7 million in FY2028 and $4.3 million in FY2029, with the cumulative impact potentially reaching roughly $23 million over five years. The…